Prime Minister Shigeru Ishiba met with Bank of Japan Gov. Kazuo Ueda to exchange views on the economy and financial markets including currencies, after the yen weakened amid rising pressure for Ishiba to resign.
"As in the past, we exchanged general views on the state of the economy, prices and markets,” Ueda told reporters in Tokyo on Wednesday, after meeting with Ishiba at the Prime Minister’s Office. In response to reporters’ questions, Ueda added that the BOJ will raise rates if there are improvements in growth and prices in line with the central bank’s outlook, repeating his existing stance.
Following their meeting, the yen pared losses against the dollar, strengthening to as much as ¥148.49 against the greenback after trading around ¥148.90 before Ueda began speaking to reporters.
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