ADB President Warns of Yen Pressure Due to Slow BOJ Rate Hikes
ADB President Masato Kanda warned that the yen may face continued pressure if the Bank of Japan (BOJ) is perceived as too slow in addressing inflation. He highlighted the impact of interest rate differentials between the U.S. and Japan, as well as concerns over Japan's fiscal sustainability. The warning comes amid Japan's expansionary fiscal policies, including subsidies to cap gasoline prices.
Topics: Bank of Japan fiscal policy inflation interest rates public debt yen