Abe’s adviser Fujii: Japan can hit 2.0% inflation with JPY20tn stimulus

In an interview with Bloomberg, Japanese PM Abe’s adviser, Satoshi Fujii, noted that a JPY20trillion stimulus this year could help the government to hit 2% price target.

Key Quotes:

Abe can hit 2.0% inflation with JPY20tn stimulus

Suggests JPY20tn stimulus this fiscal year

Abe can end deflation with JPY37tn fiscal stimulus over three years

Negative rates strongly push investment