Kishida Supports BOJ Easing, But Warns Against Weak Yen

Prime Minister Fumio Kishida pressed the need for keeping in place Japan’s monetary easing, while he repeated his administration’s warning against a weakening yen.

Kishida told a news conference Thursday that the economy is “still midway” on the road to beat deflation and it’s appropriate for the Bank of Japan to maintain monetary easing, even after scrapping the negative interest rate in its first rate hike in 17 years.