Japan's incoming prime minister Shigeru Ishiba said on Friday there will be no change to the country's accommodative monetary policy trend.
The government and the Bank of Japan should each play their part in achieving economic growth, Ishiba told a television programme, adding that he had no intention of making any specific request to the central bank on monetary policy.
Japan's ruling party picked Shigeru Ishiba as its next leader, positioning an advocate of an "Asian Nato" (North Atlantic Treaty Organization) to become prime minister in a surprise result that jolted the yen.
Ishiba, a 67-year-old party veteran who has served in several senior roles including defence minister, favours ramping up security arrangements in the region, an idea that risks further inflaming tensions with China.
This story is from the September 28, 2024 edition of Business Standard.
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This story is from the September 28, 2024 edition of Business Standard.
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