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Japan’s Chief Cabinet Secretary Affirms BOJ’s Independence on Monetary Policy

The official emphasized that decisions on monetary policy should remain under the authority of the Bank of Japan.

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Terms & Concepts
  • Monetary Policy: The process by which a central bank manages the supply of money and interest rates to achieve economic objectives such as controlling inflation or stimulating growth.
  • Bank of Japan (BOJ): Japan’s central bank, responsible for issuing currency and conducting monetary policy to maintain economic stability.