In an exclusive interview on Friday, US Treasury Deputy Secretary of the Treasury Erin Brownie praised Japan's efforts to withdraw from the re-inflation policy, saying that Japan's “inflation is on a healthy development path.” While attending the International Monetary Fund's annual meeting in Bangkok, Brownie said, “Japan's current inflation trend is improving. Many reforms have been implemented and are continuing to advance. The financial discipline that the Prime Minister has clarified to the Japanese people is worthy of recognition. We are optimistic about the Prime Minister's policies and have full confidence in the Prime Minister of Japan and the Japanese government.” Referring to Bezent's previous remarks on the re-inflation policy, Brownie said, “I don't think Minister Vincent wants to set monetary policy for the Bank of Japan. He was encouraged and acknowledged by the series of reforms implemented by Japan, as well as the economic progress achieved in overcoming prolonged deflation.” Brownie said that Japan is America's largest overseas creditor, and maintaining stability in the Japanese foreign exchange market is very important for the US. When asked about US fiscal consolidation measures, she said, “There are two ways to reduce debt as a share of GDP. One is to absorb debt through economic growth, and the other is to reduce spending to carry out fiscal consolidation. We are advancing both routes.” Referring to the current regional economic situation, Brownie said, “Asian countries' level of leverage is not as high as during the Asian financial crisis. Compared with that year, the Asian market and the global market are more resilient to risk.” “Countries are more resilient to the ongoing conflict in the Strait of Hormuz,” she added.

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