Japan’s PM Ishiba: Not in an environment for additional rate hike

Not in an environment for additional rate hike.I want to coordinate with the BoJ on the economy.I want to make the economy strong with an economic package.We will do all we can to overcome deflation.I expect the BoJ to conduct policy to exit from deflation based on 2013 accords.I expect the monetary easing trend to stay in place.

When he was elected last week, the JPY rallied while the Nikkei sold off as he was considered a hawk and supportive for further rate hikes. Turns out, he’s not.

This article was written by Giuseppe Dellamotta at www.forexlive.com.