Japan opposition Abe: Will cooperate with PM Noda’s proposal to dissolve parliament on Nov 16

  • Will make utmost effort to cut the number of parliament seats at next parliament session
  • Will make utmost effort to beat deflation if LDP takes power
  • New government should compile large supplementary budget
  • BOJ’s bold easing steps are needed
  • BOJ must set new inflation target and take unlimited action to achieve it
  • More public works spending also needed to change public’s inflation expectations at early date
  • Revising BOJ law would be in sight, govt can voice strong opinion over new BOJ Governor selection

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