Economic news

Japan’s incoming PM Ishiba calls for loose monetary policy

2024.09.28 21:00

TOKYO (Reuters) – Japan’s incoming prime minister Shigeru Ishiba said on Sunday the country’s monetary policy must remain accommodative as a trend.

© Reuters. FILE PHOTO: Shigeru Ishiba, the newly elected leader of Japan's ruling party, the Liberal Democratic Party (LDP) poses in the party leader's office  after the LDP leadership election, in Tokyo, Japan September 27, 2024. REUTERS/Kim Kyung-Hoon/Pool/File Photo

“It’s something the Bank of Japan, which is mandated to achieve price stability, will decide while working closely with the government,” Ishiba told public broadcaster NHK, when asked about further interest rate hikes by the central bank.

“From the government’s standpoint, monetary policy must remain accommodative as a trend given current economic conditions,” he said.



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