Japan Incoming PM Ishiba Says BOJ Should Decide Monetary Policy; Government, BOJ Should Work Closely Together, Each Do Its Part For Economy
Portfolio Pulse from Benzinga Newsdesk
Japan's incoming Prime Minister Ishiba emphasizes the importance of the Bank of Japan (BOJ) independently deciding monetary policy while advocating for close cooperation between the government and the BOJ to support the economy.
September 27, 2024 | 2:27 pm
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NEUTRAL IMPACT
The statement by Japan's incoming PM Ishiba on BOJ's independence and cooperation with the government may influence investor sentiment towards Japanese equities, potentially impacting the iShares MSCI Japan ETF (EWJ).
The news highlights a potential shift in Japan's economic policy approach, which could affect Japanese equities. However, the direct impact on EWJ is uncertain as it depends on future policy actions and market reactions.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50