Japan's incoming prime minister Shigeru Ishiba said on Friday the country's monetary policy will broadly remain loose, but he signalled that he won't push back against further increases in still near-zero interest rates.

Shigeru Ishiba, the newly elected leader of Japan's ruling party, the Liberal Democratic Party (LDP) holds a press conference after the LDP leadership election, in Tokyo, Japan September 27, 2024. REUTERS/Kim Kyung-Hoon/Pool TOKYO (Reuters) - Shigeru Ishiba,

Japan’s ruling party picked Shigeru Ishiba as its next leader, positioning an advocate of an “Asian NATO” to become prime minister in a move that risks further increasing tensions with China.