Japan's government is considering revising the language related to monetary policy in its annual economic policy blueprint, according to a Nikkei newspaper report, in a move that could underscore the Bank of Japan's independence while reaffirming its commitment to achieving stable inflation.
According to Reuters, the proposed revision comes after the government released a draft version of its economic blueprint last month that called on the Bank of Japan to align its monetary policy with the government's efforts to support economic growth. The draft also removed language that had previously pledged to improve the country's fiscal health, drawing attention from market participants and economists.
