BoJ's Ueda advises higher govt spending in Japan

JAPAN - Bank of Japan policy board member Kazuo Ueda said a cautious increase in fiscal spending will barely lift long-term interest rates, while helping to stimulate the economy to some extent.

Ueda added that the central bank should aim to achieve inflation of 1-2%, rather than its current policy of raising price growth to zero or more.

"If the government promises strict fiscal discipline in the future, some expansion in spending for a limited number of years will unlikely boost long-term

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