Japan PM Kishida vows to debate government BOJ roles with new central bank head
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Japanese Prime Minister Fumio Kishida said on Sunday his government and the central bank must discuss their relationship in guiding economic policy after he names a new Bank of Japan (BOJ) governor in April, reported Reuters.
The news also adds that the remark heightens the chance the government may revise its a decade-long blueprint with the central bank that focuses on beating deflation, a move that would lay the groundwork for an exit from the BOJ’s ultra-loose monetary policy.
“The government and the BOJ must work closely together, but also each play its own role” in achieving price stability and higher wage growth, Kishida said in a program on public broadcaster NHK.
USD/JPY reacts to the diplomatic comments by extending Friday’s pullback from a three-week high, depressed around 132.00 by the press time.
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