Japan’s Kishida: Appropriate for BOJ to maintain easy monetary policy
Japan's Prime Minister Fumio Kishida spoke at a press conference on Thursday in Tokyo. Kishida stated that it was appropriate for the Bank of Japan (BoJ) to maintain accommodative monetary conditions, per Reuters.
Key quotes
“The government will continue to coordinate closely with the Bank of Japan to ensure wages continue to rise and the economy makes a complete exit from deflation.”
"Japan is experiencing a historical chance to make a full exit from deflation. ”
"Some people may think that the government can declare that Japan is fully out of deflation. But we're still halfway there. ”
"I will promise to ensure wages increase at a pace exceeding the inflation rate next year onward.”
Market reaction
As of writing, the USD/JPY pair was up 0.05% on the day at 151.45.
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