Japan's government will clarify in its latest economic policy blueprint that decisions on specific monetary policy tools should remain the responsibility of the Bank of Japan (BOJ), according to the final version of the document reviewed by Reuters.
The revised language has been added as a footnote referencing a legal provision that safeguards the central bank's independence in conducting monetary policy. According to Reuters, the move comes after an earlier draft raised concerns in financial markets by appearing to suggest that the government could influence the BOJ's policy decisions.
