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Japan to map out fiscal strategy

06-11-2010 13:54 BJT

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Japan's new finance minister, Yoshihiko Noda, had his first phone call with US Treasury Secretary Timothy Geithner, on pressing international economic issues. Noda said the two had agreed to closely watch developments in Europe.

He also said Japan's government will come up with an economic growth strategy and a long-term fiscal reform framework, before the Group of 20 summit in Toronto later this month.

The fiscal reform strategy is expected to include a target of bringing Japan's primary balance - the government's net borrowing or lending - into positive territory by March 2021.

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Editor:Xiong Qu |Source: CCTV.com

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