- The government will not insist on issuing a written policy accord with the central bank on a new inflation target
- Cabinet ministers will be able to discuss monetary policy regularly with BOJ Governor Masaaki Shirakawa at the Council of Economic and Fiscal Policy*
- “As long as there’s talk (on monetary policy) at the council meetings, there’s no need to issue a policy accord (with the BOJ),”
- “What’s important is for the government and the BOJ to share a price target and show markets our determination of achieving it,” Economics Minister Akira Amari also told NHK.
Reuters: Japan finance minister says won’t insist on policy accord with BOJ
Council of Economic and Fiscal Policy:
- Meets to plan fiscal and economic policies.
- Begins meeting this week
- Will meet at least once per month
