Japan's new economy minister, Ryosei Akazawa, said on Friday that the timing of changes in the Bank of Japan's monetary policy should be aligned with the government's broader goal of exiting deflation.

The Bank of Japan should weigh any additional interest-rate increases carefully in order to avoid the risk of cooling the economy too much, the country’s new economics minister said.

Japan’s new government reached out to the central bank for a second straight day in a show of unity as market jitters linger over the course of the nation’s economic policy.