Japan will not convey in advance preference on BOJ policy, minister says
Bank of Japan Governor Kazuo Ueda and Prime Minister Sanae Takaichi hold their meeting in Tokyo, Japan, February 16, 2026. Kyodo/via REUTERS
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
TOKYO, July 10 : Japan’s government would never convey in advance its preference on how the central bank should set interest rates, Economy Minister Minoru Kiuchi said on Friday, brushing aside market concern over political interference in monetary policy.
Concerns that dovish premier Sanae Takaich’s administration may pressure the Bank of Japan (BOJ) to delay interest rate hikes intensified after a draft economic blueprint said it was “very important for monetary policy to be guided appropriately to achieve a stronger economy”.
The draft also referred to a clause in law requiring the BOJ to align its policy decisions with the government’s economic agenda, without mentioning another clause stipulating its legal independence from political meddling.
“There’s no change to the government’s stance that specific monetary policy means are left for the BOJ to decide,” Kiuchi told a news conference.
“The government will never convey in advance its views to the BOJ about the timing and range of rate hikes or cuts, or the direction of monetary policy,” he said.
But the government and the BOJ should “obviously share” their understanding over economic, price and financial developments, Kiuchi added.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
