Channel NewsAsia
AsiaPac · 24 mins ago
Japan will not convey in advance preference on BOJ policy, minister says
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 stanc
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