Japan's PM hopeful Takaichi urges BOJ to avoid raising rates
By Leika Kihara
TOKYO, Sept 14 (Reuters) -Sanae Takaichi, Japan's minister in charge of economic security and a leading candidate in the ruling party's leadership race, said on Friday the central bank should not raise interest rates yet as the economy is on the cusp of emerging from stagnation.
"The economy is only starting to recover and on the cusp of fully eradicating a deflationary mindset, so we shouldn't tighten fiscal policy," Takaichi, who is emerging as a strong candidate for the leadership of the Liberal Democratic Party (LDP), said on her personal Youtube channel.
Consumer inflation may be exceeding the Bank of Japan's (BOJ) 2% target, but an index that excludes the effect of fresh food and energy has yet to exceed that level, she said.
"Japan hasn't yet achieved a happy situation where rising inflation is accompanied by higher pay and stronger consumption," she said.
"As such, the government shouldn't reduce fiscal spending. Interest rates shouldn't be moved up either," Takaichi said, calling for the need to boost consumer sentiment.
The LDP will choose a new leader on Sept 27, with the winner due to take over as prime minister due to the party's majority in parliament.
Incumbent Prime Minister Fumio Kishida announced last month that he would step down as LDP chief in September, effectively ending a three-year term as leader of the world's fourth-largest economy.
The BOJ ditched negative interest rates in March and raised short-term rates to 0.25% in July on the view the economy was making progress toward durably achieving its 2% inflation target.
BOJ Governor Kazuo Ueda has signalled the bank's readiness to raise rates further if inflation stays around 2% in coming years accompanied by solid wage gains, as it currently projects.
A majority of economists polled by Reuters expect the BOJ to raise rates again this year with more than three-quarters of them betting on a December hike. None in the poll projected a rate increase next week.
Reporting by Leika Kihara; editing by Miral Fahmy
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
