Japan Touts New Capitalism But New Finance Chief Sounds The Same
- Japan’s new finance chief wants to tackle wealth inequality
- On debt and BOJ policy, he signaled more of the old policies
Shunichi Suzuki on Oct. 4.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Japanese Finance Minister Shunichi Suzuki said the nation’s incoming government will seek a new type of capitalism that helps tackle wealth inequality, but on questions around the sales tax, debt and the central bank he sounded like the official he replaced a day earlier.
“I’ll be seeking to bring about a new form of capitalism that creates a virtuous cycle of growth and wider wealth distribution,” Suzuki said at his inaugural press conference Tuesday, a day after succeeding long-serving finance chief Taro Aso.