Japan’s finance and economic ministers didn’t indicate any objections a day after Bank of Japan Governor Kazuo Ueda delivered the clearest hint yet pointing to the possibility of an interest rate increase this month.
“The specific methods of monetary policy are, and should be, left to the BOJ, as a general rule, and I also believe this is the case,” Minister of Finance Satsuki Katayama said Tuesday at a post-cabinet meeting press conference. She added that the government expects the central bank “to appropriately implement monetary policy and operations” toward achieving its 2% inflation target.
Japanese Ministers Refrain From Pushback After BOJ’s Hike Signal
