A key panel advising the government urged the Bank of Japan to consider risks of worsening corporate funding conditions when formulating monetary policy, in a sign that Gov. Kazuo Ueda may face pushback if he seeks to raise the benchmark rate next month.
¡°We expect the BOJ to implement appropriate monetary policy while taking into account funding conditions in financial markets and monitoring price developments,¡± private sector members of the government¡¯s economic and fiscal policy council said in materials submitted at Monday¡¯s meeting.
The panel also urged the central bank to remain mindful that shortages of goods and rising prices could increase corporate funding needs, according to the Cabinet Office.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.