Japanese Economy Minister Kiuchi says Japan no longer needs extraordinary monetary stimulus following the BoJ's decision to end yield curve control

Says: Won't comment on monetary policy which falls under jurisdiction of the BoJ. Hopes the BoJ continues to communicate closely with the government in guiding policy. Japan is no longer in deflation, so no need for excessively loose monetary policy that favours higher inflation. Takaichi administration's policy is different from reflationary policy that aims to pull Japan out of deflation. Takaichi administration's policy is different from Abenomics in that it seeks to achieve both strong economy and fiscal discipline and focuses on boosting Japan's supply capabilities.