Japan finance minister says to coordinate with Bank of Japan to beat deflation
- AT&T (T) Agrees to Acquire Time Warner (TWX) for More than $80 Billion - WSJ
- Top 10 News for 10/17 - 10/21: Merger Rumors Abound; CEOs Depart; Tesla Kicks Autopilot Up A Notch
- Wall Street ends little changed; Microsoft hits record
- AT&T (T) in Advanced Talks to Acquire Time Warner (TWX) - DJ
- Rockwell Automation (ROK) Said to Attract Takeover Interest from Schneider Electric - Source
Japan's finance minister Taro Aso arrives at Prime Minister Shinzo Abe's official residence in Tokyo, Japan, August 3, 2016. REUTERS/Kim Kyung-Hoon
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday that he was closely coordinating with the Bank of Japan to defeat deflation, adding that monetary policy was up to the central bank to decide.
Aso made the remarks when asked about commercial banks' criticism against the BOJ's negative interest rate policy for squeezing already-thin profit margins.
The BOJ meets for a rate review next week, where it will conduct a comprehensive assessment of its policies that combine negative interest rates with a massive asset-buying program.
(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- AT&T set to announce $85 billion Time Warner purchase
- Taliban release drone footage of suicide attack
- Japanese and British fighter planes meet for first time since World War Two
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!