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Ishiba to Reshape the Japanese Economy

Japan’s new prime minister, Shigeru Ishiba, is poised to reshape the country’s economic future, with markets bracing for what could be a dramatic shift in policy. As the former defense minister steps into the role of prime minister, markets are already reacting to the potential changes that his leadership could bring. The liberal shift in Japan’s governance signals a possible recalibration of the monetary policy approach that could impact both domestic and global markets. Ishiba has been vocal about his intent to steer a step away from the ultra-loose monetary stance that his predecessors, most notably under “Abenomics,” had championed. While the Japanese PM still calls for monetary policy to be “accomodative”, this shift was evidenced in his remarks supporting a gradual increase in interest rates and his critique of the Bank of Japan’s (BOJ) long-standing negative interest rate policy. By signalling a move towards stronger monetary controls, Ishiba has positioned himself as a leader more inclined toward stabilising the yen rather than relying on measures like quantitative easing. Read more to discover how recent economic developments are reshaping trading strategies in this insightful article.

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Publication date:

2024-10-01 20:59:33 (GMT)

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