Prime Minister Takaichi Sanae (高市 早苗) said at the Upper House plenary session on the 11th that monetary policy should be managed appropriately to achieve the stable realization of the 2% price target. Based on the points raised in the Outlook for Economic Activity and Prices, she reaffirmed the government’s policy of coordinating with the Bank of Japan under the joint statement to achieve price stability and economic growth.
Regarding the Bank of Japan, Prime Minister Takaichi said, “I believe it will continue to manage monetary policy appropriately toward the sustained and stable realization of the 2% price stability target.”
She referred to the Bank of Japan’s view in its October Outlook for Economic Activity and Prices that it is important to assess the extent to which the 2% target has become anchored. In response to questions from Shiba Shinichi (柴 慎一), she stressed that the government had no intention of pursuing economic and fiscal policies that would cause excessive inflation.
At the Council on Economic and Fiscal Policy, the prime minister again stated that the government and the Bank of Japan would coordinate while fulfilling their respective roles to achieve price stability and sustainable growth.