Reported about 10 hours ago
Japan's recent election has created a challenging situation for the Bank of Japan (BOJ) as potential increases in government spending might keep inflation high. Political uncertainty may also weaken the yen and raise import costs, complicating the BOJ's stance of maintaining low rates. With inflation pressures persisting above the BOJ's target, analysts suggest rapid actions could be necessary, especially if the yen weakens further. The new political landscape might require the ruling coalition to negotiate with opposition parties for fiscal measures, all while the economy faces hurdles from external trade tensions.
Source: YAHOO