Japan PM Ishiba says no plan to revise joint BOJ statement
Tweet
Share
E-mail
FILE PHOTO: Japan's Prime Minister Shigeru Ishiba delivers his policy speech at the lower house of the parliament in Tokyo, Japan, November 29, 2024. REUTERS/Issei Kato/File Photo
TOKYO (Reuters) - Japan's government has no plans to revise a joint statement with the central bank that focused on pulling the economy out of deflation, Prime Minister Shigeru Ishiba said on Thursday.
The need to reverse excessive rises in the yen was shared with the public when former Prime Minister Shinzo Abe deployed his "Abenomics" stimulus policies in 2012-2013 that consisted of bold monetary easing, loose fiscal policy and structural reform, Ishiba told parliament.
"But what could have been appropriate policies at the time, if sustained, could cause side-effects," he added.
Ishiba also said the government must scrutinise what the appropriate exchange-rate level for Japan's economy could be. He did not elaborate on specific levels.
(Reporting by Yoshifumi Takemoto, writing by Leika Kihara; Editing by Kate Mayberry)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Sweden's election tightens with 11 days to go, TV4 poll shows
- Sixteen killed in bus accident in Egypt's South Sinai, ministry says
- German power grid under fresh sabotage attack, police say
Create E-mail Alert Related Categories
ReutersSign 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!
