Japan’s Kiuchi: Government consistently signals policy commitment to fiscal sustainability
The post Japan’s Kiuchi: Government consistently signals policy commitment to fiscal sustainability appeared on BitcoinEthereumNews.com. Japan’s Economy Minister Minoru Kiuchi said on Friday that the government consistently signals policy commitment to fiscal sustainability. Kiuchi added that there’s no shift in government stance, and monetary policy tools remain the Bank of Japan’s (BOJ) decision. Key quotes Government consistently signals policy commitment to fiscal sustainability. Effect of weak yen on local inflation delayed and not necessarily significant. Wholesale prices climbing due to recent oil increases, consumer inflation rise remains moderate. No shift in government stance, monetary policy tools remain BOJ’s decision. Market reaction At the time of writing, USD/JPY is up 0.01% on the day at 162.40. Bank of Japan FAQs The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currenc