TOKYO : The Bank of Japan should more clearly indicate its resolve to normalise monetary policy, including through steady interest rate hikes, senior ruling party official Toshimitsu Motegi was quoted as saying by the Nikkei newspaper on Monday.
FILE PHOTO: LDP Secretary-General Toshimitsu Motegi delivers a speech during the Liberal Democratic Party convention on March 17, 2024, in Tokyo, Japan. Rodrigo Reyes Marin/Pool via REUTERS/File Photo
To arrest such unwelcome yen falls, the BOJ should clearly communicate its intention to shift away from massive stimulus, Motegi said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inflation in Japan's capital accelerates, keeps BOJ rate hike prospects aliveTOKYO: Core inflation in Japan's capital accelerated in June on rising fuel bills and the boost to import costs from a weak yen, data showed on Friday (Jun 28), keeping alive expectations for a near-term interest rate hike by the central bank.
Read more »
Japan to launch new floating-rate bonds as BOJ eyes rate hikesTOKYO: Japan will introduce a new type of floating-rate note that helps investors mitigate the risk from rising bond yields, two government sources told Reuters, a sign policymakers are gearing up for further interest rate hikes.
Read more »
Japan big manufacturers' mood improves to 2-year high, BOJ tankan showsTOKYO : Confidence among big Japanese manufacturers improved in the three months to June to reach levels unseen in two years, a closely-watched survey central bank showed, backing up on its view the economy is on track for a moderate recovery.
Read more »
Japan's FX diplomat says Tokyo ready to respond to rapid FX movesTOKYO: Japan is always ready to take action against excessive market moves, Tokyo's top currency diplomat Masato Kanda said on Monday (Jun 24), as the yen fell close to 160 to the dollar, raising market caution for fresh intervention.
Read more »
Six dead in Tokyo as Japan swelters in heatwaveSuch severe heat in the middle of Japan’s rainy season is “rather rare”, a weather agency official said.
Read more »
Six dead in Tokyo as Japan swelters in heatwaveTOKYO: Six people have died of heatstroke in Tokyo as Japan swelters under a rare rainy season heatwave, prompting authorities to issue a flurry of health warnings.
Read more »