Japan's Kiuchi Denies Reports Takaichi Government Seeks Lower Rates on July 7
Updated
Updated · Bloomberg · Jul 7
Japan's Kiuchi Denies Reports Takaichi Government Seeks Lower Rates on July 7
3 articles · Updated · Bloomberg · Jul 7
Summary
Minoru Kiuchi said Tuesday that media reports claiming Prime Minister Sanae Takaichi’s administration is trying to push interest rates lower are “absolutely” false.
At a regular Tokyo press briefing, the growth strategy minister said the government is not encouraging low rates as part of fiscal expansion policy.
Kiuchi added that if the administration’s intentions have not been conveyed accurately, it will step up efforts to improve public understanding.