Japan’s Economy Minister Minoru Kiuchi stated that the government would never convey in advance its preference on how the central bank should set interest rates, brushing aside market concerns over potential political interference in monetary policy.
The draft economic blueprint emphasized the importance of guiding monetary policy to achieve a stronger economy, but Kiuchi clarified that specific monetary policy decisions are left to the Bank of Japan (BOJ).
The government and the BOJ should share their understanding of economic, price, and financial developments, according to Kiuchi.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
