- Hopes for BOJ to guide monetary policy appropriately so Japan can sustainably achieve 2% inflation, that is not just driven by cost-push factors but also wage growth
- Hopes for BOJ to continue to work closely with the government on policy with an eye on economic, price, and financial developments
- Government holds final responsibility on economic policy and BOJ’s monetary policy is part of that
- But specific monetary policy path is up to the BOJ to decide
She’s not shying away from flexing her authority here, in making sure that the central bank knows their place so to speak. That especially after she spread her fiscal dove wings in pushing for more stimulus/spending. From earlier:
- Japan PM Takaichi to examine new govt fiscal target for future that looks at fiscal state
- Japan’s Takaichi abandons annual budget target, takes softer fiscal consolidation stance
This article was written by Justin Low at investinglive.com.
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