The Japanese government has been advised to support the Japanese Central Bank to increase interest rates faster

On 13 August, according to foreign media reports, Prime Minister Takashi Takashi supported the Japanese Central Bank in the near future, and further action could be taken in September or October. As a result of Japan’s Central Bank’s concerns about the Japanese yen’s weakness in pushing up prices and the Government’s desire to enhance the impact of recent US-Japan joint market interventions, there is a convergence of positions on the need to raise interest rates in the near future. The Office of the Prime Minister of Japan believes that specific monetary policy measures, including interest rate hikes, should be decided by the Central Bank of Japan, but that the two sides should cooperate closely to “stable” the inflation target of 2 per cent. Kim Xian