Fumio Kishida, a strong contender to succeed Yoshihide Suga as Japan's prime minister, called for a stimulus package of more than 30 trillion yen ($273 billion) to cushion the economic blow from the coronavirus pandemic, a magazine reported.
has thrown a ruling Liberal Democratic Party leadership race set for Sept. 29 wide open, with an array of candidates - including Kishida - considering running.
"We can't touch it for the time being. Removing the goal could send the wrong message to markets," Kishida said on the BOJ's price target, which critics say is unrealistic for an economy long suffering from near-zero inflation. The remarks came after Kishida told a news conference on Friday the government must compile a spending package worth "several tens of trillions yen," without giving a specific number.
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