Kishida describes BOJ's policy shift as appropriate

The central bank's policy shift "has stepped into a new phase to generate positive economic outcomes" while "maintaining an accommodative environment," Kishida told reporters at his office after meeting with BOJ Governor Kazuo Ueda.

I thought "New Capitalism" was supposed to initiate a "new phase to generate positive economic outcomes"?

How did that work out for Japanese workers?

How did that work out for Japanese workers?

Also how did that work for foreigners in Japan where they need to send their money abroad, nothing.

BOJ indeed rise interest but don't forget Feds interest already high and BOJ can't offset that with tiny fraction of that.

https://asia.nikkei.com/Business/Markets/Japanese-yen-slides-past-150-after-BOJ-decision-to-raise-rates

https://www.bankrate.com/rates/interest-rates/federal-funds-rate/

The central bank's policy shift "has stepped into a new phase to generate positive economic outcomes"

Japan's real wages, adjusted for inflation, in January were down 0.6 percent from a year earlier, marking the 22nd straight month of decline

People get poorer for 2 years straight every month, and then this joker declares victory.

That's what you get with LDP and trickle down economics.

Hayashi said the government will promote efforts to improve fiscal soundness by streamlining expenditures.

Promote efforts…

He is a top policy maker. If they wanted to stop profligate spending, they would do it themselves. Promoting efforts is a euphemism for declaring that the government is going to continue to spend money like crazy and they expect the BOJ will continue to buy a craptonne of bonds to abet them.

I wonder how the Japanese politicos can get to sleep at night.

Their actions are so laughable and the effects so antithetical that it’s just like an endless comedy show!

Kishida describes BOJ's policy shift as appropriate

pfft, what does he know about what's appropriate?

all he does is take funds and spends it, no knowledge of how or where he gets it from, just uses it.

Yen is falling again.........

Seem like the economy is still dependent on Yen depreciation