Japanese Yen: Japan denies rate-pressure claims as data mixed – BNY
The post Japanese Yen: Japan denies rate-pressure claims as data mixed – BNY appeared on BitcoinEthereumNews.com. Geoff Yu notes Japan’s Growth Strategy Minister Minoru Kiuchi rejected reports that the government is trying to push interest rates lower or pressure the Bank of Japan (BoJ). He emphasizes continued coordination with the BoJ, while recent data show firm nominal wage gains but weaker real earnings, soft household spending, and improving coincident indicators, with the Japanese Yen briefly firmer versus the Dollar. Policy stance steady, data send mixed signals “Japan’s Growth Strategy Minister Minoru Kiuchi has rejected media reports that Prime Minister Sanae Takaichi’s government is trying to push interest rates lower, saying there is “absolutely no truth” to claims that fiscal expansion is aimed at pressuring the BoJ.He said the omission of “fiscal consolidation” from the draft basic policy guidelines was not intended to weaken fiscal discipline, but to present fiscal susta