Japanese PM contender and Chief Cabinet Secretary Hayashi:
BOJ is conducting monetary policy in way that does not deviate much from Govt thinkingJapan’s past aversion to strong yen has diminished, when asked about risk Fed rate cut prospects could push up yen vs dollar, hurt Japan’s export-reliant economyWeak yen, coupled with rising oil costs from Ukraine war, has caused cost-push inflationIf chosen as premier, will compile economic package to cushion blow from rising living costs, spending for disaster reliefSize of spending package must take into account Japan’s ‘quite small’ output gap, avoid issuance of deficit-covering debt
This article was written by Eamonn Sheridan at investinglive.com.