
The leader of Japan's opposition party warned the central bank twice in one week: at least six months should be waited before raising interest rates

Yamaki Yuichiro, the leader of Japan's opposition party, warned that the Bank of Japan should wait at least six months before raising interest rates to observe whether wage growth can sustainably exceed inflation. He emphasized that monetary policy should not change significantly, especially before the upcoming spring wage negotiations. The Constitutional Democratic Party has gained seats and increased its influence in recent elections, advocating for higher wages and tax cuts. Yamaki also pointed out that maintaining an accommodative monetary policy could depress the yen, but monetary policy should not be used to manipulate exchange rates
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