TOKYO, Sept 17 (Reuters) - Banri Kaieda, a senior Japanese ruling party lawmaker, will become the new economics minister in a planned upcoming cabinet reshuffle, replacing Satoshi Arai, Asahi newspaper said on Friday.
The new minister faces the challenge of supporting a fragile economic recovery at risk from a stronger yen and deflation. Policy options are constrained by huge public debt and interest rates already near zero.
Prime Minister Naoto Kan is expected to reshuffle his cabinet later in the day.
(Reporting by Yoko Nishikawa and Masayuki Kitano; Editing by Peter Graff)
((chisa.fujioka@thomsonreuters.com; Reuters Messaging: chisa.fujioka.reuters.com@reuters.net; +813 6441 1882)) Keywords: JAPAN POLITICS/RESHUFFLE ECONOMICS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The new minister faces the challenge of supporting a fragile economic recovery at risk from a stronger yen and deflation. Policy options are constrained by huge public debt and interest rates already near zero.
Prime Minister Naoto Kan is expected to reshuffle his cabinet later in the day.
(Reporting by Yoko Nishikawa and Masayuki Kitano; Editing by Peter Graff)
((chisa.fujioka@thomsonreuters.com; Reuters Messaging: chisa.fujioka.reuters.com@reuters.net; +813 6441 1882)) Keywords: JAPAN POLITICS/RESHUFFLE ECONOMICS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.