Japan Finance Minister warns against BOJ policy remarks

Finance Minister Satsuki Katayama urged the trade minister to avoid making monetary policy remarks. She stressed that the central bank must remain independent.

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In an effort to maintain the clear separation between government administration and central bank operations, Japan Finance Minister Satsuki Katayama announced on Tuesday that she and Prime Minister Sanae Takaichi have formally requested the trade minister to stop commenting on monetary policy. The intervention follows public statements regarding potential interest rate hikes that have stirred market expectations.

Finance Minister Satsuki Katayama participates in a budget committee session at the Japanese parliament in Tokyo. REUTERS/Issei Kato
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