Japan's next PM piles pressure on BOJ, vows to resolve China row


Japan's conservative Liberal Democratic Party's (LDP) leader and next Prime Minister Shinzo Abe speaks during a news conference at the LDP headquarters in Tokyo December 17, 2012. REUTERS/Toru Hanai

TOKYO (Reuters) - Japan's next prime minister, Shinzo Abe, buoyed by a landslide election victory, piled pressure on the central bank on Monday as it prepared for a policy meeting, saying voters had overwhelmingly backed his call for aggressive monetary stimulus.

Abe said once he formed his cabinet on December 26, he would instruct ministers to produce a joint statement with the Bank of Japan (BOJ) that will give it a 2 percent inflation target, double the current goal.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Hamas negotiators in Cairo for Gaza truce talks
Germany denounces rising political violence after MEP seriously hurt
India waits for details on arrests in Canada over Sikh separatist's murder
Vietnam police arrest former head of government office amid anti-graft crackdown
More migrant dinghies cross Channel to England despite Rwanda threat
Argentina's Milei says Spain's Sanchez brings 'death and poverty' after drug use jibe
Russian drones injure 6 in Ukraine's Kharkiv, Dnipro regions
NATO drills show it is preparing for potential conflict with Russia, Moscow says
Poland condemns Russian cyberattacks, says has been targeted too
Rwanda denies its troops attacked displaced persons camp in DR Congo

Others Also Read