As reported by AiCoin, on November 18, Japan's Bank of Japan (BOJ) Governor Haruhiko Kuroda reaffirmed the central bank's intention to gradually adjust monetary easing and raise interest rates following his first bilateral meeting with Prime Minister Sanae Takaichi. Kuroda noted that the mechanism for synchronized growth in inflation and wages is recovering and explained the adjustment in the scale of monetary easing to Takaichi. He also mentioned that both parties discussed foreign exchange issues, with the BOJ vowing to closely monitor the impact of FX on the economy and collaborate closely with the government while making appropriate policy decisions based on economic data.
Japan's BOJ Governor Haruhiko Kuroda Reaffirms Intention to Raise Rates
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