Investi Stratix
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
No Result
View All Result
Investi Stratix
No Result
View All Result

New Japan PM wants BOJ to be careful when hiking rates further, economy minister says

by
October 2, 2024
in Stock
0
New Japan PM wants BOJ to be careful when hiking rates further, economy minister says

TOKYO (Reuters) -Japan’s newly appointed economy minister, Ryosei Akazawa, said on Wednesday that Prime Minister Shigeru Ishiba expects the Bank of Japan to make careful economic assessments when raising interest rates again.

“Our top priority is to ensure that Japan completely exit from deflation,” said Akazawa in his first news conference as the economy minister. “It will take some time to achieve the full exit.”

“Ishiba’s (previous) comments on the need for monetary policy normalization have conditions attached,” said Akazawa, a close ally of Ishiba.

The government wants the BOJ to share its view that the exit from deflation is Japan’s top priority and to make careful decisions on whether to raise interest rates further, he said.

The minister also stressed the administration would closely communicate and coordinate with the BOJ to decisively beat deflation.

The BOJ raised rates in July, but kept policy steady at the September meeting, saying it could afford to spend time eyeing the fallout from global economic uncertainties.

This post appeared first on investing.com
Previous Post

Hedge funds fuel record weekly buying in Chinese stocks on stimulus cheer

Next Post

Vance, Walz square off in what could be final meeting of presidential campaigns

Next Post
Vance, Walz square off in what could be final meeting of presidential campaigns

Vance, Walz square off in what could be final meeting of presidential campaigns

Subscribe to InvestiStratix.com

    Popular News

    Surge in wider Arabian Sea middle distillate exports boosts refining margins, says Vortexa

    Surge in wider Arabian Sea middle distillate exports boosts refining margins, says Vortexa

    June 10, 2025
    Mexico’s inflation rebound clouds Banxico’s easing outlook

    Mexico’s inflation rebound clouds Banxico’s easing outlook

    June 10, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    June 10, 2025
    A new money order: Wall Street, tech titans embrace Stablecoins as regulation looms

    A new money order: Wall Street, tech titans embrace Stablecoins as regulation looms

    June 9, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    June 9, 2025

    Trending News

    Surge in wider Arabian Sea middle distillate exports boosts refining margins, says Vortexa

    Surge in wider Arabian Sea middle distillate exports boosts refining margins, says Vortexa

    June 10, 2025
    Mexico’s inflation rebound clouds Banxico’s easing outlook

    Mexico’s inflation rebound clouds Banxico’s easing outlook

    June 10, 2025

    Popular News

    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      June 10, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      June 9, 2025

    About Us

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investistratix.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Economy
    • Forex
    • Stock
    • Editor’s Pick

    Copyright © 2025 investistratix.com | All Rights Reserved