Investing.com - Financial Markets Worldwide
🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

Japan PM hopeful Takaichi: time not right for BOJ to raise rates

Published 09/13/2024, 12:54 PM
Updated 09/13/2024, 12:57 PM
© Reuters. FILE PHOTO: Candidate for the presidential election of the ruling Liberal Democratic Party, Sanae Takaichi, speaks during a debate organized by the Liberal Democratic Party, Youth Bureau, Women's Bureau at the party headquarters, in Tokyo, Japan, Septembe

TOKYO (Reuters) - Sanae Takaichi, one of the leading contenders to replace Japanese Prime Minister Fumio Kishida, said on Friday that the Bank of Japan should hold off on further interest rate hikes to keep the country's economic recovery intact.

© Reuters. FILE PHOTO: Candidate for the presidential election of the ruling Liberal Democratic Party, Sanae Takaichi, speaks during a debate organized by the Liberal Democratic Party, Youth Bureau, Women's Bureau at the party headquarters, in Tokyo, Japan, September 20, 2021. Philip Fong/Pool via REUTERS/File Photo

"To be frank, interest rates should not be raised just yet. It would make it difficult to carry out capital expenditure. It would make it difficult for young people to obtain loans for home buying," Takaichi said on her YouTube programme.

Japan's ruling Liberal Democratic Party is set to hold an election on Sept. 27 to pick its next leader, who will become the prime minister given the party's control of parliament. Kishida will not run in the race.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.