ECONOMYA longtime lieutenant of Abe, Suga aims to continue the incumbent's hyper-easy monetary policy, stepped-up government spending and structural reforms, dubbed "Abenomics". Suga also plans to maintain Abe's policy of prioritising economic growth over efforts to fix the country's tattered finances. A son of a farmer from northern Japan, Suga counts the revitalisation of the regional economy as one of his key priorities. REFORMSAs a strong proponent of reforms, Suga favours greater consolidation of regional banks and has also reiterated his intention to ask mobile phone carriers to lower fees, which he has advocated during Abe's tenure. "On becoming the LDP president, I would break down the vertically segmented administrative system, get rid of vested interests ... and do my best to push ahead with regulatory reforms," Suga said last week.

Source: bd News24 September 13, 2020 05:37 UTC