BOJ

Japan’s economic revitalisation minister Minoru Kiuchi urged the central bank on Friday to keep steady communication with the government as it finalises its next policy steps, while refraining from opposing a possible interest rate increase later this month.

His remarks arrive at a sensitive moment for the Bank of Japan, which is widely expected to consider lifting its benchmark rate to zero point seven five percent from zero point five percent at its December eighteen to nineteen meeting. According to Reuters, government officials anticipate the decision and are not preparing to resist it, even though Kiuchi himself has long …