Suggestions that Japan will soon need to draw up another fiscal stimulus package have been dismissed by the country’s finance minister, who told the Financial Times in an interview that Tokyo must first implement budget plans finalised this month.
“There is no way that we should worry about what we should eat for dinner when we have not had breakfast yet. The good thing to do is to prepare and eat breakfast first,” Shoichi Nakagawa said.
The government last week finalised its second supplementary budget for the year to end March and its full budget for fiscal 2009, including some Y12,000bn ($132bn) in economy-boosting measures.
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