Odaily Planet Daily reports that former Deputy Governor of the Bank of Japan and member of the government policy group, Masazumi Wakatabe, stated, “Japan must raise the neutral interest rate through fiscal policy and growth strategies. If Japan’s neutral interest rate rises due to fiscal policy, it would be natural for the Bank of Japan to raise interest rates. However, currently, the Bank of Japan should avoid raising rates too early and excessively tightening monetary policy.” Analyst Justin Low expressed reservations about this comment because he is a member of the government panel hired by Japanese Prime Minister Fumio Kishida. Therefore, his remarks and tendencies are aligned with the government and attempt to oppose the Bank of Japan’s plan to raise interest rates later this week. (Jin10)
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