FILE PHOTO: Japan’s Prime Minister Shinzo Abe delivers his policy speech at the lower house of parliament in Tokyo, Japan January 28, 2019. REUTERS/Issei Kato
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe on Wednesday defended the central bank’s ultra-loose monetary policy, saying it had helped create more jobs.
“We accept the explanation” given by the Bank of Japan on why inflation has failed to hit its 2 percent target, Abe told parliament.
“What’s most important is what is happening to the economy, which is that more jobs were created,” he said.