Ishiba’s Right-Hand Man Stresses Unity with BOJ on Deflation

Japan’s new government trusts the Bank of Japan’s decisions and will work closely with the central bank to eliminate the risk of a return to deflation, according to a key ally of Prime Minister Shigeru Ishiba.

BOJ Governor Kazuo Ueda and Ishiba share an understanding that beating deflation, a long-sought goal, is their priority and will continue to observe a 2013 joint policy accord to achieve that objective, Economic Revitalization Minister Ryosei Akazawa said in a group interview Tuesday.