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U.S. official urges Japan to focus on domestic, demand-led growth

SHARE U.S. official urges Japan to focus on domestic, demand-led growth

WASHINGTON — U.S. Treasury Secretary Lawrence Summers said Thursday there had been encouraging signs that Japan's economy was in a state of recovery but that its focus must stay on domestic, demand-led growth.

Summers refused to be drawn on whether he thought Japan would eliminate its zero interest rate policy but said growth had to be a priority.