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S. Korea to balance macro policy

08-31-2010 08:48 BJT

South Korea's Finance Minister says the country's macro-economic policy should balance the risks of a slowing global recovery, and accelerating domestic inflationary pressure.

The minister also says the policy needs to strengthen recovery in the private sector, and put greater priority on sustaining domestic growth. He adds the private sector of Asia's fourth-largest economy is playing an increasingly important role in creating jobs.

The remarks came after the Bank of Japan made a minor policy adjustment, and the U.S. Federal Reserve said it stood ready to act if needed, to spur slowing growth.

Editor:Xiong Qu |Source: CNTV.CN

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