Japan’s Aso calls for Fiscalism

Japan’s Finance Minister Aso was on the wires stating the fiscal policy should also play a role in stimulating demand.

He added further that it is up to the Bank of Japan to decide specific policy steps and said the government is closely coordinating with the central bank to beat deflation.

Fiscalism is an economic theory of British economist, John Maynard Keynes that active government intervention is necessary to ensure economic growth and stability.