Central Banks
Japan’s Ishiba Seeks to Show Alignment With BOJ Governor Ueda
- Late Thursday, Ishiba said he shares understanding with Ueda
- New leader had triggered yen slide after earlier BOJ remarks
Shigeru Ishiba
Photographer: Yuichi Yamazaki/AFP/Bloomberg
Prime Minister Shigeru Ishiba sought to show he isn’t pressuring the Bank of Japan over interest rate policy, saying that he was aligned with BOJ Governor Kazuo Ueda’s view that there was time to assess the situation in markets and the economy before making any changes to rates.
Speaking to reporters late Thursday, Ishiba’s latest comments mark another shift in tone about the BOJ. They suggests Japan’s newest leader is still in the process of judging how best to communicate with markets, and trying to thread the needle between looking like he’s encroaching on the central bank’s independence, and supporting monetary easing ahead of this month’s general election.