TechFlow News, February 24: According to a report by the Nichinichi Shimbun on Tuesday, citing unnamed sources, Japanese Prime Minister Sanae Takaichi expressed concerns about further interest rate hikes during a meeting with Bank of Japan (BOJ) Governor Kazuo Ueda last week. If true, Takaichi’s recent public refusal to support another rate increase could complicate the BOJ’s policy plans, as coordination with the newly inaugurated government becomes more challenging. Following this report, the Japanese yen weakened against both the U.S. dollar and the euro. Ueda stated that Monday’s meeting was primarily a general exchange of views on economic and financial conditions and emphasized that the Prime Minister did not make any specific monetary policy requests. Takaichi herself declined to disclose details of their meeting, only reiterating her hope that the central bank would work closely with the government to achieve its 2% inflation target alongside wage growth. The meeting comes amid market speculation that rising living costs—driven in part by yen weakness—could prompt the BOJ to raise rates as early as March or April. (Jinshi Data)
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