Japan's PM Abe: BOJ's new policy framework to strengthen monetary policy
- AT&T (T) to Acquire Time Warner (TWX) for $107.50/Share
- Rockwell Collins (COL) in Advanced Talks to Acquire B/E Aerospace (BEAV) - 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
Japan's Prime Minister Shinzo Abe delivers a news conference at a hotel in Havana, Cuba September 23, 2016. REUTERS/Alexandre Meneghini
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a 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
- Egyptians losing patience with Sisi as economy deteriorates
- Turkey's ruling party has completed proposal on presidency, PM says
- Burundi police question U.S. journalist, keep her fixer in custody
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!