BoJ urged to keep monetary policy

By Reuters

Oct 04, 2024 12:11 am

NAGASAKI, Japan — Bank of Japan (BoJ) board member Asahi Noguchi said on Thursday the central bank must patiently maintain loose monetary policy as it will take time to eradicate the public's view that prices are not set to rise much in the future.

The comments from Noguchi, a known BoJ policy dove, come a day after Japan's new prime minister said the economy was not ready for further interest rate hikes, in surprisingly blunt remarks that pushed the yen lower.

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