87 Days
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الاقتصادية
Japan faces calls to tighten monetary policy
The advisor to the Japanese Prime Minister and a member of the Supreme Economic Council, Toshihiro Nagahama, called on the Bank of Japan to gradually and moderately raise interest rates in order to correct the excessive decline in the value of the Japanese yen against global currencies. He explained that the neutral interest rate is estimated at around 1.5%, which warrants raising the current rate of 1% at least twice within six months. These calls come amid a decline in the yen and increasing inflationary pressures, with expectations indicating the need to tighten monetary policy to avoid a rise in long-term interest rates and negative impacts on economic growth and financial stability in Japan.
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