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12 April 2024

Japan PM Kishida: Premature to say if govt-BOJ statement will be revised

Published
By Reuters

 Japanese Prime Minister Fumio Kishida said on Monday it was premature to state now whether the government and the central bank could revise a decade-old joint statement that commits the Bank of Japan (BOJ) to achieve its 2% inflation target at the earliest date possible.

"It's something for after the new Bank of Japan governor is decided," Kishida said in a seminar, on whether the government could initiate a revision of the statement.

As prime minister, Kishida has the power to decide a new BOJ governor, who will succeed incumbent Haruhiko Kuroda when his second, five-year term ends in April next year.