Morita Chotaro (森田長太郎) of All Nippon said the rise in interest rates appears to be a reversal of fiscal financing, and that the BOJ should maintain its independence and avoid interference in order to restore market confidence.
As market concerns about the expansionary fiscal policy advocated by the Takaichi administration persist, All Nippon Asset Management Chief Strategist Morita Chotaro (森田長太郎) said the current rise in interest rates is emerging as a reversal of fiscal financing accompanying the normalization of unconventional monetary easing.
Morita Chotaro (森田長太郎) said fiscal and monetary policy have become “completely intertwined,” and that refraining entirely from interfering in the BOJ is important for restoring market confidence.
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