Japan’s incoming PM Ishiba calls for loose monetary policy

TOKYO (Reuters) – Japan’s incoming prime minister Shigeru Ishiba said on Sunday the country’s monetary policy must remain accommodative as a trend.

“It’s something the Bank of Japan, which is mandated to achieve price stability, will decide while working closely with the government,” Ishiba told public broadcaster NHK, when asked about further interest rate hikes by the central bank.

“From the government’s standpoint, monetary policy must remain accommodative as a trend given current economic conditions,” he said.