Japan’s PM Kishida says economic package will include measures to counter inflation

Japanese PM Kishida is currently in New York, speaking from there. He says he’ll be having folks put together the ‘pillars’ of an economic package from early next week:

  • Says nothing decided on potential summit with China
  • Says Japan’s economy is currently still not fully stable
  • Says will include measures to counter inflation, social measures to
    counter declining population in economic measures to be announced
    next week

His “measures to counter inflation” comment is probably aimed at the electorate, ’cause otherwise it makes zero sense. The BOJ and his government, we are constantly being told, are working together to achieve the Bank’s inflation goal, a target the Bank is still not confident it can achieve stable and sustainably.

If Kishida is serious perhaps the Boj could trim back its super-easy monetary policy> The Bank meets this week, maybe they will?

This article was written by Eamonn Sheridan at www.forexlive.com. Source