Japanese Prime Minister Candidate Advocates for Keeping Low Interest Rates to Stimulate Economy
In recent statements to credible sources, Kato, one of the candidates for the position of Prime Minister of Japan, expressed his view on the necessity of maintaining low-interest rates in the country amidst current economic conditions. He believes that such measures could aid the successful recovery of economic growth following the pandemic.
Kato, a representative of the ruling Liberal Democratic Party, noted that the continuation of a low-interest rate policy would promote increased consumer spending and restore demand. He emphasized that, given the global economic instabilities, Japan must utilize all available means to invigorate its economy.
According to him, if the Bank of Japan decides to raise interest rates, it may lead to economic slowdown and adversely affect businesses, particularly small and medium-sized enterprises, which significantly rely on accessible credit. Kato added that it is essential to act prudently to avoid sharp changes that could destabilize Japan's economic system.
In conclusion, Kato expressed hope that the government would continue its policies aimed at economic recovery and possibly adapt them in the future depending on changes in global markets.
