For the first time since the Takaichi (高市) administration took office, there was no meeting between the Bank of Japan governor and the prime minister, while the rate-hike plan had been set before the previous month’s policy meeting. A situation symbolizing tensions between the government and the Bank of Japan has emerged.
Under the administration of Sanae Takaichi (高市 早苗), attention has focused on the “anomaly” that there was no meeting this time between Kazuo Ueda (植田 和男), governor of the Bank of Japan, and the government’s top official. The episode has been cited as symbolizing the relationship between the Bank of Japan and the government.
It is emphasized that both of the 2 rate hikes since the administration took office had been scheduled in the month before the relevant Monetary Policy Meeting. December 2025 and June 2026 are identified as the applicable dates, depicting a situation in which communication between the government and the Bank of Japan is closely intertwined with the timing of rate hikes.
The article centers on tensions between the government and the Bank of Japan, noting that the government and the central bank had been able to communicate by telephone and other means around the time of the G20 meetings, and discusses the impact of the absence of a meeting this time. It suggests that follow-up coverage will focus on the relationship between the rate-hike policy and the Bank of Japan’s stance.