Japan’s new government says it hopes to improve ties with China after receiving a “forward-looking” congratulatory message from Beijing on the election of Prime Minister Shigeru Ishiba.

Chinese President Xi Jinping has congratulated new Japanese Prime Minister Shigeru Ishiba, state media reported Wednesday, the day after he took office in Tokyo.- 'Frank exchanges' - Japan's new Foreign Minister Takeshi Iwaya said on Wednesday that Tokyo also wanted a "constructive and stable relationship" with China based on common interests.

Japan’s new economy minister said the country will need to maximize the use of existing nuclear power plants as artificial intelligence and data centers are expected to boost electricity demand. Most Read from BloombergA 7,

Japan's newly appointed economy minister, Ryosei Akazawa, said on Wednesday that it's not necessarily true that Prime Minister Shigeru Ishiba is positive about further interest rate hikes by the Bank of Japan (BOJ).

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.