According to Odaily, a leading candidate for Japan's next Prime Minister supports the Bank of Japan's policy of gradually raising interest rates. This move is seen as a step towards normalizing monetary policy, which could help reduce prices and enhance industrial competitiveness.
Shigeru Ishiba, a prominent figure in Japan's ruling party, stated, 'The Bank of Japan is on the right policy path, gradually aligning with global positive interest rates.' He acknowledged that while the negative impacts of raising interest rates, such as a potential stock market crash, have been a major concern, it is important to recognize the benefits. Higher interest rates can lower import costs and make industries more competitive.
