Japan finance minister signals readiness to ramp up stimulus to fight risks

“On the global economy, Aso said he still expected a moderate recovery to continue through next year” writes Midwest Communications Inc for But the weakness has yet to spread to non-manufacturers or domestic demand,” Aso told reporters after attending a Group of 20 finance leaders’ working dinner.”Given uncertainty over the global economy, exports are falling and weighing on manufacturers’ output. International Monetary Fund (IMF) Deputy Managing Director Mitsuhiro Furusawa has said Japan can ramp up fiscal stimulus if the hit to the economy from October’s sales tax hike proves bigger than expected.WASHINGTON (Reuters) – Japanese Finance Minister Taro Aso said on Thursday the government was ready to deploy fiscal stimulus steps flexibly if the economy needed fresh support to fend off risks from slumping global demand and the U.S.-China trade war.

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