FOCUS: Kishida set to be asked to boost economy after tapping new BOJ chief

After naming his choice for the Bank of Japan's next governor, who is expected to pave the way for an eventual normalization of monetary policy, Prime Minister Fumio Kishida is likely to be urged to take steps to boost the flagging economy to prepare for such a transition.Should the central bank try to taper its purchases of government bonds, long-term interest rates would rise and debt prices fall. That would discourage companies and households from borrowing and thus hurt investment and consumption.Moreover, Kishida is believed to be eager to carry out large-scale tax hikes to fund a plan…READ FULL ARTICLE