2023-12-15 01:22:26
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China Business News 2023-12-15 09:21:10 listen to news
Editor: Zhang Minkai
Affected by the secret funding scandal exposed within the Liberal Democratic Party, Japanese Prime Minister Fumio Kishida adjusted the cabinet on the 14th and replaced four cabinet members from the “Abe faction” headed by Chief Cabinet Secretary Matsuno Hiroshi, hoping to regain public trust and avoid next year’s budget Important decisions such as case review were affected. In addition, many important government officials from the “Abe faction” submitted their resignations on the same day. Archyde.com commented that the successive resignations of senior officials of the “Abe faction” who have led economic policy may accelerate the push for the Bank of Japan to withdraw from the ultra-loose monetary policy that has lasted for many years.
Political scandal may lead to Japan exiting ultra-loose monetary policy, yen surges to multi-month high against dollar
Affected by the secret funding scandal exposed within the Liberal Democratic Party, Japanese Prime Minister Fumio Kishida adjusted the cabinet on the 14th and replaced four cabinet members from the “Abe faction” headed by Chief Cabinet Secretary Matsuno Hiroshi, hoping to regain public trust and avoid next year’s budget Important decisions such as case review were affected. In addition, many important government officials from the “Abe faction” submitted their resignations on the same day. Archyde.com commented that the successive resignations of senior officials of the “Abe faction” who have led economic policy may accelerate the push for the Bank of Japan to withdraw from the ultra-loose monetary policy that has lasted for many years.
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