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Japanese Economy Minister Kiuchi says proactive fiscal policy does not mean lax fiscal discipline;
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Kiuchi distinguished proactive public finances from lax fiscal discipline, said reflation was not currently needed, and deferred specific monetary-policy decisions to the central bank.
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Reflationary policy is not currently needed; any call for reflation would differ from the government's policy, and the cabinet has not pursued a reflationary approach. Does not comment on long-term interest rates, adding the government understands the BoJ is conducting monetary policy to achieve its 2% inflation target and that specific policy decisions are for the central bank.
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