• The LDP and new Komeito have formally agreed to form a coalition government
  • Both agree on a 2% inflation target
  • Also agree to target 3% nominal growth, deregulation on the agenda to help achieve this
  • The Coalition partners are compiling a large-scale extra budget for the current year to help stimulate the economy
  • The Coalition partners have not discussed revision to the BOJ law, but would do so if needed

Headlines via Kyodo News, Reuters, and Bloomberg