Takaichi says economy doesn’t need reflationary policy

Prime Minister Sanae Takaichi said Japan no longer needs policy to stimulate inflation as the economy isn’t in a state of deflation anymore, echoing a comment made recently by U.S. Treasury Secretary Scott Bessent.“Japan’s economy is no longer at a stage where it needs reflationary policies with monetary easing and fiscal expansion,” Takaichi said in response to questions in parliament Thursday. Her policy “differs from so-called reflationary policy,” she said.Takaichi’s government has sent a series…