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28 November 2022 | Other

Kishida rules out the possibility of changing the Bank of Japan's policy goals

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Prime Minister of Japan Fumio Kishida on Monday rejected a proposal to add salary increase among the new monetary policy targets that the government and central bank must pursue to support a fragile state of the economy.

The Governor of the Bank of Japan, Haruhiko Kuroda, also agreed with the prime minister, saying that setting real wage growth as a policy goal would be difficult.

In response to an opposition lawmaker's request to change the wording in a joint Bank of Japan and government policy statement agreed upon in 2013, Kishida told parliament that he was not thinking of revising it.

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