Japanese Prime Minister Fumio Kishida said on Wednesday he hoped the central bank's new leadership will take into account the government's goal of achieving higher wages and sustained economic growth, in guiding monetary policy.
Kishida also said it was premature to say whether the government and the Bank of Japan should revise a joint policy statement, which commits the BOJ to achieve its 2% inflation target at the earliest date possible.
"We'd like to achieve structural wage growth and sustainable economic growth. I hope the new BOJ leadership guide policy taking account our policy direction," Kishida told parliament. The government on Tuesday named academic Kazuo Ueda as its pick to become next central bank governor, a surprise choice that could heighten the chance of an end to its unpopular yield control policy.
Kishida said he had exchanged views with various people since last year in making the decision, but declined to say when exactly he finalised the line-up.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY stays above 132.00 on Japan GDP, BoJ nominations, US inflation eyedUSD/JPY justifies softer-than-expected Japan growth numbers as it flirts with the intraday low near 132.30 during early Tuesday. Even so, the Yen pair
Read more »
Japan government nominates academic Ueda as new BoJ governorCiting a document submitted to parliament on Tuesday, Reuters reported that the Japanese Government nominated Kazuo Ueda to become the next Bank of Ja
Read more »
Japan's weak Q4 GDP rebound poses challenge for BOJ's exit pathJapan's economy averted recession but rebounded much less than expected in the fourth quarter as business investment slumped, a sign of the challenge the central bank faces in phasing out its massive stimulus programme.
Read more »
Japan’s Matsuno: Monetary policy is up to the BoJ to decideJapan’s Chief Cabinet Secretary Hirokazu Matsuno said on Tuesday, “monetary policy is up to the Bank of Japan (BoJ) to decide.” Additional comments “H
Read more »
Japan PM Kishida: Specifics of monetary policy should be carried out by BoJjapan's Prime Minister Kishida is crossing the wires and has said that the appointment of Ueda as the new Bank of Japan governor was made after consid
Read more »
Japan GDP: Japan's economy grew an annualised of just 0.6%, Yen's a touch weakerJapan's Gross Domestic Product released by the Cabinet Office has been released as follows: Japan's economy grew an annualised 0.6% in the final three
Read more »