BOJ should wait at least six months for rate hike, says key opposition leader

BOJ should wait at least six months for rate hike, says key opposition leader

“We need to keep a close watch on what is happening with wages,” Yuichiro Tamaki, head of the opposition Democratic Party for the People (DPP), said in an interview.

© Reuters. FILE PHOTO: People walk in front of the Bank of Japan building in Tokyo, Japan January 23, 2024. REUTERS/Kim Kyung-Hoon/File Photo

The LDP, along with its coalition partner Komeito, are 18 seats short of a majority in the 465-member chamber after the Oct 27 general election, meaning they need the support of at least one other political party to stay in power.

Tamaki’s party, which is in cooperation talks with the LDP, saw its seat count in the lower house jump to 28 from seven on a platform calling for a cut to the country’s sales tax, income tax and an increase in welfare benefits.

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