Ishiba says he won’t intervene in the BoJ’s rate policy

Quick Summary:

TOKYO: Japanese Prime Minister Shigeru Ishiba says he will not intervene in monetary policy affairs, as the central bank is mandated to achieve price stability.

The former defence minister became Japan’s prime minister on Oct 1 after winning the ruling party’s leadership race.

This is because it would infringe upon the central bank’s independence – stipulated by law – in setting monetary policy.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaJapan

Topics: Shigeru Ishiba Bank of Japan Banking BOJ /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 00:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23026428

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