Japan Economy Minister Hopes BoJ Continues Anti-Deflation Cooperation

Japan's Economy Minister Minoru Kiuchi on Tuesday voiced his expectation that the Bank of Japan will continue its cooperative stance with the government in addressing deflation. Kiuchi remarked that long-term interest rates are determined by market forces, influenced by factors such as supply and demand and stable economic conditions.

The minister's comments underscore the ongoing alignment between fiscal and monetary policy in Japan as authorities strive to sustainably achieve the 2% inflation target. No specific policy changes were signaled.