As depreciation drives the exchange rate to nearly ¥155 Japanese yen per US dollar, Finance Minister Suzuki stresses flexibility and hints at intervention.
Amid growing calls for consumption tax cuts among lawmakers, a ruling party group is even proposing tax exemptions for necessities. But is this feasible?
Given that the Japanese economy is still mired with deflation, Japan should issue defense bonds as a balance between economic growth and national defense.
Thirteen of the 20 members of the new Cabinet are first-timers, while holdovers are confirmed for three key positions.