Japan's PM Abe: BOJ's new policy framework to strengthen monetary policy
- Wall St. gains across sectors ahead of Trump inauguration
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Herbalife (HLF) Says SEC Requested Documents on Anti-Corruption Compliance in China; Reviewed with DoJ
- Investment Focus: History suggests Trump month will be stocks down, dollar up
Japan's Prime Minister Shinzo Abe delivers a news conference at a hotel in Havana, Cuba September 23, 2016. REUTERS/Alexandre Meneghini
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk 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
- ECB probed by watchdog over ties with bankers in G30 group
- Trump to get first sign of U.S. economic health
- Syrian rebels bitterly divided before new peace talks
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!