INCHEON, South Korea, May 4 (Reuters) - South Korea
needs to see more stabilisation in prices before it can shift
the focus of economic policies from fighting inflation to
boosting growth, Finance Minister Choo Kyung-ho said on
Thursday.
A consistent approach was needed to tackle inflation, and
shifting the policy stance before that "may spark inflationary
pressures again" Choo said during a meeting with journalists.
While April's 3.7% inflation was the lowest annual rates in
14 months, it was still high and there remained factors that
could cause inflation to flare up.
Choo also said he hoped to go to Tokyo for talks with his
Japanese counterpart Shunichi Suzuki at the earliest time
possible. The ministers had agreed to hold further discussions
when they met for a bilateral meeting on the sidelines of an
Asian Development Bank gathering earlier this week.
(Reporting by Jihoon Lee; Editing by Simon Cameron-Moore)
