In an exclusive Nikkei interview, Finance Minister Katayama Satsuki (片山 さつき) indicated a policy of presenting the Takaichi administration’s economic policies with “one voice.” With remarks by government representatives at the Bank of Japan’s monetary policy meeting viewed as a factor behind yen selling, she emphasized the need for the government to unify its messaging.
In an exclusive interview, Finance Minister Katayama (片山) said the government would unify its messaging on economic policy going forward. The finance minister emphasized consistency in the government’s statements and indicated an intention to align the administration’s messaging on economic management.
When the Bank of Japan held its rate decision meeting on 18 September, remarks by government representatives Economic and Fiscal Policy Minister Kiuchi Minoru (城内 実) and Parliamentary Vice-Minister of Finance Nakatani Shinichi (中谷 真一) became a factor behind yen selling in the market. Against this backdrop, the government’s intention to consolidate its messaging going forward was discussed.
In the main opinions released by the Bank of Japan on 1 October following the meeting, Kiuchi (城内) referred to the impact of past rate hikes on the economy. The outlook surrounding the government’s view and the market’s reaction was also said to have been discussed.