Japan’s Sec. General: There is no urgent need for fiscal stimulus

Toshihiro Nikai, Secretary General of the Japanese ruling Liberal Democratic Party, said on Monday that there is no urgent need for fiscal stimulus.

His comments come after Japan’s economy grew at an annualized rate of 2.1% in the first quarter of this year.

Meanwhile, the Japanese Chief Cabinet Secretary Suga was reported earlier today, as saying that “there are no problems with economic fundamentals."

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