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Japan
Publication year - 1986
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/j.1468-0319.1986.tb00112.x
Subject(s) - restructuring , economics , opposition (politics) , prime minister , government (linguistics) , fiscal policy , international economics , economic policy , monetary economics , finance , political science , politics , linguistics , philosophy , law
As a consequence of his personal triumph in the July elections, Mr. Nakasone's term as Prime Minister has been extended beyond October when on existing rules he was due to step down. This suggests no immediate change in the economic policy of liberalising markets, control of public spending and fiscal restructuring rather than simple demand expansion. It also implies that, notwithstanding the vociferous opposition of export‐oriented industry, the case for a strong yen, as a means of re‐orienting demand towards domestic markets and curbing the trade surplus, is accepted by the government. Thus, despite continuing pressure from the US, Japan did not cut its discount rate over the summer. Nevertheless, with the economy flat and forecasts for 198617 being downgraded, a package of measures is scheduled for this autumn.