Monetary policy should be left to the Bank of Japan; conditions do not warrant a reflationary policy, says Economic and Fiscal Policy Minister Kiuchi (城内)

The story

Minister of State for Economic and Fiscal Policy Jōnai Minoru (城内実) reiterated his view that authority over monetary policy adjustments should be left to the Bank of Japan. The government has emphasized its policy of respecting the BOJ’s independence.

Comments were reportedly made on 15 October, expressing the view that conditions at present do not warrant adopting reflationary policy.

Market participants believe the outlook for additional rate hikes needs to be assessed carefully.

At a glance

SpeakerMinister of State for Economic and Fiscal Policy Jōnai Minoru (城内実) says monetary adjustment should be left to the Bank of Japan

Date15th

SituationExpressed the view that conditions do not warrant adopting reflationary policy

Market TrendsThe market is reportedly assessing the outlook for additional rate hikes

Reference information. Every claim resolves to something the story actually named.

What it links to

Changes in monetary policy and financial conditions resulting from BOJ rate hikesRelated2 companies

8370-1.4%

The Kiyo Bank,Ltd.Changes to monetary policy, including negative interest rates

¥1,531

8308-3.1%

Resona Holdings, Inc.Impact of the Negative Interest Rate Policy

¥2,142

Where this came from

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