🔸 Japan's incoming Pm Ishiba calls for loose monetary policy. Japan's incoming prime minister, Shigeru Ishiba, said on Sunday the country's monetary policy must remain accommodative as a trend, signaling the need to keep borrowing costs low to underpin a fragile economic recovery. "It's something the Bank of Japan, which is mandated to achieve price stability, will decide while working closely with the government," Ishiba told public broadcaster NHk, when asked about further interest rate increases by the central bank. "From the government's standpoint, monetary policy must remain accommodative as a trend given current economic conditions," he said.