Japan ruling party executive urges BOJ to clarify rate-hike resolve, Nikkei says

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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 (Jul 22).

To arrest such unwelcome yen falls, the BOJ should clearly communicate its intention to shift away from massive stimulus, Motegi said.

He also said Japanese firms can probably swallow the impact of tighter monetary policy, Nikkei reported.

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Category: EconomyBusiness

Markets: SingaporeJapanMali

Topics: Japan Democratic Monetary 2024 Liberal Policy Secretary-general Nikkei Party Toshimitsu Motegi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 17:28:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 207 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21724601

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