Japan's PM Abe: BOJ's new policy framework to strengthen monetary policy
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Japan's Prime Minister Shinzo Abe delivers a news conference at a hotel in Havana, Cuba September 23, 2016. REUTERS/Alexandre Meneghini
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Tuesday that the Bank of Japan's new policy framework was intended to strengthen monetary policy and achieve its 2 percent inflation target at the earliest possible time.
Abe, speaking in parliament, said specific policy steps should be left up to the BOJ and that he trusted BOJ Governor Haruhiko Kuroda.
Abe also said it was too early to talk about the BOJ's exit strategy.
The BOJ last week shifted monetary policy to targeting short- and long-term rates instead of an expansion in the monetary base with government debt purchases.
(Reporting by Stanley White; Editing by Chang-Ran Kim)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Slogans, placards and food: South Korean protests a boon for restaurants
- Pentagon arms buyer 'hopeful' that Lockheed F-35 block buy will proceed
- Grieving Brazilian town receives bodies of soccer crash victims
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!