TOKYO Feb 12 Japanese Prime Minister Shinzo Abe
said on Tuesday the the central bank is responsible for
achieving its new 2 percent inflation target, but that a rise in
prices must be accompanied by strong economic growth driven by
"It is possible to achieve the 2 percent inflation target
with monetary policy, but fiscal stimulus is needed to support
the economy as well because it would take time for wages to
start rising," Abe told parliament.
Abe also said a "correction" of past sharp yen rises is
driving up Japanese corporate profits, which should eventually
help boost wages.