The Japanese government will underline its determination to completely defeat deflation in its upcoming economic and fiscal management guidelines, sources said on Friday.
Under the slogan of moving to a new growth-oriented economic phase, the government will strive to build a sustainable economy and society by sustaining continued wage increases and solving the social problems facing the country, according to a draft of guidelines that will be submitted to the government. soon the government’s Economic and Budgetary Policy Council.
The guidelines, to be released as early as this month, are expected to include measures to ensure higher costs are reflected in product and service prices.
