US President-elect Donald Trump’s policies could potentially intensify inflation, increase US interest rates and further push down the yen versus the dollar, the head of the opposition Democratic Party for the People (DPP) has said, Reuters reports.
But Yuichiro Tamaki reiterated that the Bank of Japan should not use monetary policy to stem the weakness of the yen.
The BOJ “should refrain from raising interest rates until real wages stably achieve positive growth”, he said at a press conference.
“Domestic policies should be conducted for domestic objectives,” he said.
