61. He added that it was necessary for the government to shift from a stance of fiscal retrenchment to one more focused on boosting the economy. 62. Greenspan has credited growth in productivity for helping boost the economy and holding down inflation. 63. He gave short shrift to Democratic demands that the stimulus contain government spending designed to boost the economy as well. 64. He said public works projects were not as efficient as other methods to boost the economy. 65. He tempered the remarks by saying he expected the last round of rate cuts to boost the economy. 66. However, Mitsuzuka said the government cannot afford extra spending measures to boost the economy. 67. If the reports exceed expectations, that would lessen pressure on the Federal Reserve Board to lower interest rates and boost the economy, analysts said. 68. In addition a falling Japanese currency is seen boosting the economy since it allows exporters to lower prices and sell more overseas. 69. In his opening speech, Bank of Japan Gov. Yasuo Matsushita said the central bank will maintain its current policy of low interest rates to boost the economy. 70. In the medium term, stocks could rise as pressure grows on the central bank to reduce interest rates in order to boost the economy. |