FOCUS: New PM Ishiba's tax rise plan could disrupt BOJ rate hike path

While new Japanese Prime Minister Shigeru Ishiba will likely offer support for the Bank of Japan in its pursuit of further monetary tightening, his ambition to raise the capital gains tax could threaten the bank's path to higher rates.The BOJ is expected to move ahead with additional rates hikes following Ishiba's taking office on Tuesday. The former defense minister, an advocate of fiscal discipline, is generally seen as a backer of the central bank's ongoing shift away from its decade-long unorthodox monetary easing, which involved massive purchases of government bonds.But analysts said h…READ FULL ARTICLE