"For the first time in 30 years, we are facing a great opportunity to move to a new economic stage," he added. Japan was for decades beset by deflation but like other economies around the world, prices have risen since the Ukraine war began in February 2022. A weaker yen, meanwhile, while welcome news to Japanese exporters, makes imports pricier and stokes inflation for households. But its stance has added to pressure on the yen, one of the world's worst-performing major currencies in 2023. "I don't think [the stimulus] is going to change much...

Source: Manila Times November 03, 2023 11:44 UTC