[Japanese Cabinet Official Declares the 'Abenomics Era' Over] According to Golden Finance, on September 25, Japan's Minister for Economic Revitalization, Minoru Kiuchi, stated that Japan no longer needs to rely on large-scale monetary easing and flexible fiscal spending as part of its reflationary policies. Minoru Kiuchi is one of the more proactive advocates of reflationary policies within the Japanese Cabinet. On Friday, Kiuchi remarked: 'The era of Abenomics-style reflationary policies, centered on aggressive monetary easing and flexible fiscal measures, has come to an end.' He also pointed out that Japan is no longer in a 'monetary easing era' but has entered a new phase characterized by gradual price increases and rising interest rates.