Japan’s Suzuki: Will guide economic and fiscal policy in a “responsible” manner

Japanese Finance Minister Shunichi Suzuki said in a statement on Monday, his government will guide economic and fiscal policy in a "responsible" manner.

He urged a swift adoption of more spending measures, worth $207 billion, backed mostly by new debt issuance.

Additional comments

"The environment surrounding Japan's economy remains severe.”

"There's also a concern about global recession," he said. "We must overcome this crisis."

His comments come as the Japanese cabinet has compiled a spending plan worth 29 trillion Japanese Yen (USD207.37 billion), backed by new debt of about 23 trillion Japanese Yen.