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MNI BRIEF: Kishida Eyes Revision of BOJ Joint Statement -Press

(MNI) Tokyo

Prime Minister Fumio Kishida has decided to revise a joint statement between the government and the Bank of Japan made in January 2013, Kyodo News reported on Saturday, citing government sources.

Prime Minister Kishida will likely discuss a revision with the new governor of the Bank of Japan who will take office on April 9.

The government and the BOJ are expected to stick to a 2% price target but may consider deleting the wording “to achieve this target at the earliest possible time” to increase the flexibility of monetary policy. This may see the 2% price target become a medium- to long-term price target.

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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