2 November 2001, 10:02  Shiokawa proposes compiling economic, fiscal outlook

TOKYO, Nov. 2 (Kyodo) - Finance Minister Masajuro Shiokawa on Friday proposed the cabinet of Prime Minister Junichiro Koizumi compile by the end of December an assessment of the nation's medium- and long-term fiscal and economic outlook to allow it to better manage its policies. A timetable for deregulation and a clear direction for administrative reform should also be mapped out along with the outlook report by the time the government compiles the fiscal 2002 budget, Shiokawa said. These reports will "clarify the government's attitudes" on economic and fiscal policy, Shiokawa told a regular press conference. He said these issues will be discussed by the Council on Economic and Fiscal Policy, which Koizumi chairs. Meanwhile, Shiokawa reiterated the fiscal 2002 budget will be compiled by keeping the Koizumi cabinet's pledge of limiting the new issuance of government bonds to 30 trillion yen. He reiterated, however, that the government will be flexible in promoting economic policy in case of an emergency.

© 1999-2024 Forex EuroClub
All rights reserved