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MNI BRIEF: Japan's Ishiba Favors Loose Monetary Policy

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.

Ishiba, who was elected president of the ruling LDP on Friday and is set to become prime minister Tuesday in an extraordinary session of the parliament, is set to appoint former Chief Cabinet Secretary Katsunobu Kato the finance minister. He is believed to be looking to dissolve the lower house and call a snap election for Oct. 27.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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