Japan's Cabinet Secretary Reiterates BOJ Independence on Monetary Policy, June 4

According to Jinshi Data, on June 4, Japan's Chief Cabinet Secretary Mikio Kihara stated that the government expects the Bank of Japan to implement appropriate monetary policy in close coordination to achieve a sustainable 2% inflation target driven by wage growth. Kihara emphasized that specific monetary policy tools should be determined by the BOJ, reiterating the government's longstanding position. He noted that the government and BOJ maintain and will continue to maintain "sufficient communication" through regular meetings and coordination.
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