Japan's Chief Cabinet Secretary Calls for Coordinated Monetary Policy with Central Bank

Japan's Chief Cabinet Secretary Minoru Kihara stated on Thursday that the government expects the Bank of Japan to implement appropriate monetary policy in close coordination with the government to achieve a sustainable 2% inflation target driven by wage growth. According to Jin10, when asked about Bank of Japan Governor Kazuo Ueda's remarks on Wednesday, Kihara declined to comment on specific views, emphasizing that the government and the central bank have maintained and will continue to maintain "full communication," as demonstrated by last month's meeting between the central bank governor and Japan's Prime Minister Sanae Takaichi. "Specific monetary policy measures should be decided by the Bank of Japan," Kihara reiterated at a routine press conference, reaffirming the government's consistent stance towards the central bank.