Japan Cabinet adviser: Need to expand government spending for next fiscal year

In an interview with Bloomberg published today, Satoshi Fujii, adviser to the apanese Cabinet Office, noted that 21 tln yen is expected to be added to the primary budget for the next fiscal year and in subsequent years.

Key Quotes:

"During deflation, the government's spending policy, after a time lag, sets the investment posture for the private sector"

“So other than expanding government investment and government spending, there's no way to expand domestic demand."