Comments by Japan’s finance minister Taro Aso in a Wall Street Journal interview on Japan’s prospects for economic recovery:
- It may take longer the two-year goal to reach the 2% target: “Let’s say, a few years. Two to three years. That’s what we are hoping for”
- He said that “political uncertainty in Japan in anticipation of an upper-house election in July is keeping businesses cautious”
- Emphasized the need for more public-works spending now
Japan’s Aso Calls Recovery ‘Few Years’ Away (The Wall Street Journal is often gated, so if you’re unable to access the article try a a Google news search using the headline)