Prime Minister Shigeru Ishiba said Japan is not in an environment for an additional rate hike, in an apparent effort to shake off his reputation as a monetary hawk, after a meeting with Bank of Japan Gov. Kazuo Ueda on Wednesday.
¡°I do not believe that we are in an environment that would require us to raise interest rates further,¡± Ishiba told reporters Wednesday night, adding he was not in a position to instruct the central bank on monetary policy.
¡°I have told the governor that I expect the economy to continue to develop sustainably while maintaining its current easing trend, and that the economy will continue to move towards overcoming deflation.¡±
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