Former BoJ Governor Kuroda says Japan need to move toward tighter fiscal and monetary policy as the economy is already in great shape
Importance
Level 1
- Recent USD/JPY levels near 157 is somewhat too weak.
- BoJ can probably hike rates around twice a year in 2026 and 2027 to around 1.5-1.75%.
- PM Takaichi's administration spending and tax-cut plans could fuel inflation and push up bond yields.
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