Japan's newly elected prime minister (PM) Shigeru Ishiba on Tuesday pledged to carry over and steadily push through the growth strategy of former PM Kishida to achieve growth driven by higher wages and investment. Additionally, he promised to pursue fiscal policy that puts the highest priority on ending deflation, as well as to consider delivering payouts to low-income households hit by rising living costs.
The official also noted that Japan is on the cusp of making a complete exit from deflation.