Incoming Japan PM Ishiba: Japan will deploy fiscal stimulus if needed

  • Let's get to know the new PM

The yen is higher today after Ishiba beat out a dovish rival to win the top job at the LDP.

  • Says BOJ should decide monetary policy
  • Accommodative monetary policy won't change
  • Will not make any requests to the BOJ on monetary policy

USD/JPY has ticked higher on these comments but only modestly

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