Loan Digest

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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 66%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ERROR

Loans Loans Latest News, Loans Loans 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.
Source: ChannelNewsAsia - 🏆 6. / 66 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.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »