Learn more

By bno – Taipei Office Japan’s new Prime Minister Shigeru Ishiba is stepping into office with ambitious plans, but his proposal to raise the capital gains tax could complicate the Bank of Japan’s (BOJ) strategy for further monetary tightening. As the BOJ prepares for potential rate hikes, Ishiba’s focus on wealth redistribution may introduce volatility in financial markets, potentially stalling the central bank’s path toward higher rates, as reported by Kyodo News. On his first day in office, Ishiba expressed support for the BOJ’s ongoing shift away from its decade-long unorthodox monetary eas…

cuu