In remarks by a key official, the Minister of State for Economic and Fiscal Policy said that specific monetary policy should be left to the Bank of Japan. He also expressed the view that the Takaichi (高市) administration is not pursuing reflationary policies.
Minister Jōnai (城内) of State for Economic and Fiscal Policy expressed the view that implementation of specific monetary policy should be left to the Bank of Japan. He declined to comment on exchange-rate developments, saying that exchange rates are generally determined by market factors.
He also expressed the view that the current administration is not actively pursuing reflationary policies, and said that the Japanese economy can “no longer be described as deflationary.”
Regarding expansionary fiscal policy, he stated that it “does not mean a loosening of fiscal discipline.” On fiscal management, he reiterated that the details of policy should be left to the Bank of Japan's judgment.