Japan's Bank of Japan Governor Haruhiko Kuroda has reiterated the central bank's plan to gradually adjust its monetary easing policies and increase interest rates. This announcement followed Kuroda's first bilateral meeting with Prime Minister Sanae Takaichi on November 18. Kuroda highlighted the recovery of the mechanism for synchronized growth in inflation and wages as a key factor in this decision.
During the meeting, Kuroda and Takaichi also discussed foreign exchange issues, with the BOJ committing to closely monitor the impact of FX on the economy. The central bank plans to work closely with the government to make informed policy decisions based on economic data.
BOJ Governor Kuroda Reaffirms Plan to Raise Interest Rates
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