JAPAN
From Times Staff and Wire Reports
Economic Stimulus Measures Enough, Official Says: Japan’s chief economic planner said there’s no need for extra measures to stimulate domestic demand. The government announced emergency economic measures on March 31, and the Bank of Japan cut the discount rate 0.75 percentage point to 3.75% April 1. Takeshi Noda, head of Japan’s Economic Planning Agency, said the measures will begin to have an impact soon. Noda also said slow growth in the money supply is natural considering the economic slump.
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