Japan’s newly appointed Economy Minister Ryosei Akazawa said on Friday that Prime Minister Shigeru Ishiba and the BoJ share the view that exit from deflation is Japan’s top priority.
Additional quotes
No change to the interpretation of the government-Bank of Japan (BoJ) accord targeting 2% inflation.
Will communicate with markets, dialogue with markets is important.
Timing of monetary policy change is important, must align with Japan’s broader goal of exiting deflation.
Market reaction
At the time of writing, USD/JPY has paused its renewed downside, trading at around 146.65, still losing 0.18% on the day.
Source: https://www.fxstreet.com/news/japans-akazawa-pm-ishibu-and-boj-share-view-that-exit-from-deflation-is-japans-top-priority-202410040142