Japan’s economy minister doesn’t buy stimulus criticism

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Japan’s economy minister doesn’t buy stimulus criticism

Japan’s economy minister has rejected criticism that his country’s extraordinary fiscal and monetary stimulus program was aimed at weakening the yen and undermined central bank independence.

Akira Amari told the World Economic Forum in Davos on Saturday that it was up to the market to determine the currency’s exchange rate, and the Bank of Japan had chosen independently to sign a joint statement with the government on actions to fight deflation and revive economic growth. Reuters

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