In a move that may come as a surprise to some, Japan’s monetary policymakers are poised to take a more hawkish stance, despite the country’s newly elected leader taking a more moderate tone. The nation’s central bankers are expected to push forward with plans to tighten the reins on monetary policy, undeterred by the recent change in leadership. This development comes on the heels of Shigeru Ishiba’s election as Japan’s prime minister on October 1, followed by a meeting with reporters the next day. Despite Ishiba’s remarks, which were seen as unexpectedly conciliatory, experts believe his words will have little impact on the central bank’s decision-making process.
Leave a Reply