Seiji Maehara News
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Japanese Prime Minister Shinzo Abe said that the central bank shouldn’t pursue a 2 percent inflation target “at all costs” and may fail to achieve it should global conditions change.
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Japan’s biggest opposition party may oppose newly installed central bank governor Haruhiko Kuroda for a full five-year term that would begin next month, lawmaker Seiji Maehara said in an interview.
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Japan’s next reconstruction package should be “at least” 10 trillion yen ($125 billion) and the nation’s central bank ought to step up stimulus, a potential candidate to succeed Prime Minister Naoto Kan said.
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Prime Minister Naoto Kan ’s battle to fund Japan’s budget and avoid early elections suffered another blow as his foreign minister quit over an illegal donation and a poll showed fewer than one voter in four supports him.
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Foreign Minister Seiji Maehara said Japan is working to mend frayed ties with China while at the same time looking for alternative sources of rare earth metals.
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Japan’s parliament passed two pieces of legislation that Prime Minister Naoto Kan said were conditions for him to resign as early today, setting up a succession battle that will play out by early next week.
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Japan’s Economy Minister Seiji Maehara said he will attend a central bank policy meeting tomorrow, the first cabinet minister to do so in nearly a decade, as he presses for more easing.
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Japanese Economy Minister Seiji Maehara said the country needs more monetary easing and policy efforts to encourage growth as the government prepares for election against an opposition that has stronger public support.
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Japan’s exports fell the most since the aftermath of last year’s earthquake as a global slowdown, the yen’s strength and a dispute with China increase the odds of a contraction in the world’s third-largest economy.
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Japanese Prime Minister Naoto Kan named Seiji Maehara his new foreign minister in a Cabinet reshuffle three days after securing another term as head of the ruling party.
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