Reported 4 days ago
New Japanese Prime Minister Shigeru Ishiba's surprising caution against increasing interest rates has led to increasing doubts about a planned rate hike by the Bank of Japan (BOJ) this year. Ishiba's comments triggered a decline in the yen and raised skepticism among economists about the BOJ's anticipated moves, particularly a potential increase in rates next December. This shift reflects Ishiba's inexperience in market communications and underscores the volatility surrounding his administration's economic policies.
Source: YAHOO