The power to navigate a changing Japan
Tobias Harris spoke with Motoko Rich of the New York Times ahead of Prime Minister Kishida Fumio’s trip to the United States in April. His quotes can be viewed below: At the summit this week, during which Mr. Kishida will also address a joint session of Congress, the leaders are expected to talk about closer … Continue reading Harris quoted in the New York Times
KEY TAKEAWAYS
The Bank of Japan (BOJ) acted as expected, unwinding Kuroda-era policies including negative interest rates, yield curve control, and risk asset purchases.
But the BOJ’s move may be less significant in the near term: the bank will continue to purchase long-term bonds to prevent a sharp increase in interest rates, a decision that will suit Prime Minister Kishida Fumio.
The new interest rate outlook will also spur more debate within the Liberal Democratic Party (LDP) over the future of fiscal policy.
Japan Foresight 