【Remarks by Key Official】Economic and Fiscal Policy Minister: “The Takaichi administration fully respects the Bank of Japan’s autonomy as stipulated in Article 3 of the Bank of Japan Act” (Traders Web)

The story

At a press conference, Minister of State for Economic and Fiscal Policy 城内 said that the Takaichi Cabinet fully respects the Bank of Japan's independence in line with the intent of Article 3 of the Bank of Japan Act.

He also expressed his intention to attend this month's Bank of Japan meeting if his schedule permits, and said that he had never considered exercising the right to request a postponement of the vote to prevent an interest-rate hike.

These remarks once again emphasized the stance of avoiding political involvement in the Bank of Japan's policy decisions, and scrutiny may continue over political considerations in the conduct of monetary policy.

At a glance

SpeakerMinister of State for Economic and Fiscal Policy Jōnai Minoru (城内実)

Timing10:00 distribution time

What was saidHe said he would also like to attend this month's Bank of Japan meeting if his schedule permits.

Statement 2He explained that he had never considered exercising the right to request a postponement of the vote to prevent an interest-rate hike.

Statement 3He emphasized that the Takaichi Cabinet fully respects the Bank of Japan's independence as stipulated in Article 3 of the Bank of Japan Act.

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