Japan's PM-elect Shigeru Ishiba calls for sustained loose monetary policy with low borrowing costs for economic recovery.

Japan's incoming Prime Minister, Shigeru Ishiba, advocates for a sustained loose monetary policy to aid the nation's fragile economic recovery, proposing low borrowing costs. Although he has previously criticized the Bank of Japan's aggressive easing, it remains unclear if his stance has shifted. Ishiba emphasized that the central bank will determine interest rates while collaborating closely with the government to ensure price stability.

September 29, 2024
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