Dovish premier's 2nd appointee joins Bank of Japan board

Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST

TOKYO, June 30 : Prime Minister Sanae Takaichi's administration appointed Ayano Sato, seen as an advocate of loose monetary policy, as Bank of Japan board member on Tuesday, adding an important voice to debates over further rate increases.

Ayano, a former academic, would be the second board member to be appointed by Takaichi following Toichiro Asada, who voted against the BOJ's decision to raise interest rates in June.

Sato will hold a news conference at 5:00 p.m. (0800) GMT on Tuesday, which will be closely watched for clues on whether she could join Asada in pushing back against further rate hikes.

Sato's debut policy meeting will be on July 30-31. While the BOJ is widely expected to keep rates steady at the meeting, the board will issue fresh quarterly growth and inflation forecasts that will likely offer clues on the timing of the next rate hike.

Newsletter

Week in Review

Subscribe to our Chief Editor’s Week in Review

Our chief editor shares analysis and picks of the week's biggest news every Saturday.

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Subscribe here

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Download here

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Join here