Japan PM Abe: Bold monetary easing needed to beat deflation

TOKYO Thu Jan 10, 2013 8:02pm EST

TOKYO Jan 11 (Reuters) - Japanese Prime Minister Shinzo Abe said on Friday that bold monetary easing is essential in beating deflation and a strong yen.

"We need to deploy bold monetary policy, flexible fiscal policy and a growth strategy to boost private investment at the same time, in order to revive a strong economy," Abe said at a news conference.