Japan Kishida: Must promote wage, investment growth for full exit deflation-prone economy

Prime Minister Kishida press conference.

He is announcing he won’t be running to stay on as PM.

• To
  make full exit from deflation-prone economy, we must promote wage,
  investment growth and achieve target to expand size of Japan’s GDP to
  600 trln yen
• Important to show new face of LDP in leadership race
• First step to do so is for me to step down
• Won’t run for re-election as LDP leader
• Will fully support new leader
• Made this decision considering what’s best for public
• Have no hesitation in taking responsibility as head of LDP for
  issues caused by members

This article was written by Eamonn Sheridan at www.forexlive.com.