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Japan's Economic Minister Emphasizes BOJ Independence on Policy Methods
12/02/2025, 00:35
AI SUMMARY
●Minister pledges close cooperation with BOJ to hit 2% inflation target
●Government affirms that specific policy methods remain under BOJ discretion
●Comments signal continued respect for central bank independence on rate decisions
Japan's Economic Revitalization Minister has stated that the government will coordinate closely with the Bank of Japan to sustainably achieve the 2% inflation target. He explicitly noted that specific monetary policy methods should be left to the central bank's discretion.
These comments reinforce the administration's stance on respecting the Bank of Japan's independence regarding operational tools. The statement comes as markets continue to monitor the interplay between government economic strategy and central bank policy adjustments.