January 28, 2025 at 09:26PM
The Bank of Japan is already on a rate normalisation path:
BoJ Rate Hike May Move Closer: Analysis & Outlook
There is a vacancy to be filled on the policy board. Prime Minister Ishiba has nominated Junko Koeda, a Waseda University professor, according to a document released to reporters in parliament in Tokyo on Tuesday.
The nomination is for the replacement of Seiji Adachi, a former private economist whose five-year term ends on March 25. Koeda previously worked as a chief economist at the Finance Ministry and as an economist at the International Monetary Fund.
Masazumi Wakatabe, former BOJ deputy chief remarked:
“She has suggested that rate hikes aren’t necessarily contrary to economic growth”
“This is my view, but her arguments may be considered as supportive for BOJ normalization”
This article was written by Eamonn Sheridan at www.forexlive.com.