boj minutes, 2003-08-08
With regard to fiscal policy, one member referred to the recent approval of the guidelines for budget requests for fiscal 2004 by the Cabinet, and commented that it was extremely important that recovery in exports and production lead to self-sustained recovery of domestic private demand because, as in the previous fiscal year, no strong support from the fiscal policy side could be expected in fiscal 2004.
Sentiment: neutral
Topic: fiscal_policy