Finance Minister Katayama said that specific methods of monetary policy would be left to the Bank of Japan. The remarks are understood to be premised on the Bank of Japan’s independence and appropriate policy decisions.
Finance Minister Katayama said, in effect, that practical methods of implementing monetary policy should be left to the Bank of Japan. The remarks have been reported as comments by a senior official and indicate the view that the practical aspects of monetary policy, which are being discussed on the premise of the Bank of Japan’s independence, should be left to the central bank.
The comments have been taken up amid discussions about the relationship between the Ministry of Finance and the Bank of Japan in policy implementation, and are seen as potentially affecting views in the foreign exchange and financial markets.