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Economics

Japan’s Kishida Set to Stay on Kuroda Path, Party Official Says

  • Nishida says changed fiscal policy wording signals commitment
  • MMT supporter says more long-term spending still needed
Fumio Kishida

Fumio Kishida

Photographer: Kiyoshi Ota/Bloomberg

Prime Minister Fumio Kishida is likely to want the Bank of Japan to stick with its current policy direction even after a change of governor, according to a senior ruling party member.

Shouji Nishida, head of a pro-spending group in the party with ties to former premier Shinzo Abe, pointed to the fiscal policy plan published last week as proof that Kishida is more committed than previously thought to the BOJ’s inflation target.