At the government's Council on Economic and Fiscal Policy, private-sector members indicated a policy of respecting the BOJ's independence and explaining economic and fiscal risks to secure confidence. The council met on the 30th, and opinions were expressed emphasizing stability in the conduct of monetary policy.
At the government's Council on Economic and Fiscal Policy, private-sector members recommended respecting the BOJ's independence. They expressed a stance emphasizing the BOJ's autonomy in conducting monetary policy.
The recommendations included ensuring accountability, with a view to the effects on fiscal policy, companies and households, by appropriately explaining economic and fiscal risks. The importance of communication in maintaining confidence in the BOJ was highlighted.
The council met on the 30th and, based on the recommendations of the private-sector members, indicated a direction that would prioritize securing the stability and credibility of monetary policy.