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MNI BRIEF: Japan's Ishiba Favors Loose Monetary Policy

Central Bank NewsPolicy NewsAPACJapanBank of JapanBriefGlobalStoryRegion

MNI (LONDON) - Japan's incoming prime minister,Shigeru Ishiba, said on Sunday monetary policy must remain accommodative as a trend, signalling the need to keep borrowing costs low to underpin a fragile economic recovery, local media reported. 

It was not immediately clear whether Ishiba, historically a vocal critic of the Bank of Japan’s past aggressive monetary easing, was taking a more dovish line with his remarks.

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MNI (LONDON) - Japan's incoming prime minister,Shigeru Ishiba, said on Sunday monetary policy must remain accommodative as a trend, signalling the need to keep borrowing costs low to underpin a fragile economic recovery, local media reported. 

It was not immediately clear whether Ishiba, historically a vocal critic of the Bank of Japan’s past aggressive monetary easing, was taking a more dovish line with his remarks.

Keep reading...Show less