Japan’s Incoming PM Ishiba Advocates for Loose Monetary Policy, Reports Reuters

TOKYO – Japan’s incoming prime minister, Shigeru Ishiba, emphasized on Sunday the importance of maintaining an accommodative monetary policy as a long-term strategy for the country.

In an interview with public broadcaster NHK, Ishiba addressed questions regarding potential interest rate hikes by the Bank of Japan. He noted that the central bank, which is tasked with achieving price stability, would make such decisions in close collaboration with the government.

Ishiba stated, "From the government’s standpoint, monetary policy must remain accommodative as a trend given current economic conditions."