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