Dilemma Brought by Upward Pressure on Rates?!
Prime Minister Kishida has been pressuring Bank of Japan Governor Kuroda? (Note: The name in the original is植田; in context, it's BoJ Governor Ueda) Ueda to move toward monetary tightening after being denied a yen-buying intervention to stop the yen’s depreciation by Secretary Yellen.(Hereinafter, BoJ)Governor Ueda has been under pressure to shift toward tightening monetary policy.5/13He moved to reduce the monthly government bond purchase operation, showing an intention to reflect the government’s stance. This article explains the future developments.
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