Japanese Liberal Democratic Party member Taro Kono: The Bank of Japan should raise interest rates to stabilize the yen and control inflation

Taro Kono, a member of Japan's Liberal Democratic Party, has called on the Bank of Japan to raise the benchmark interest rate to stabilize the yen and control inflation. He pointed out that political uncertainty affects economic policy, and if the central bank delays interest rate hikes, inflation will persist, leading to rising prices for imported goods. Kono also criticized the practice of supporting voters through cash handouts, arguing that the core issue lies in the excessively low interest rates. The exchange rate of the yen against the US dollar is approximately 147.35, below the five-year average. The Liberal Democratic Party will hold a leadership election, and Kono is considering running