Proposed bill gives govt powers over BOJ staff

The Democratic Party of Japan aims to revise the Bank of Japan Law so that the government can dismiss the BOJ governor and other executives if they cause distrust in central bank policy management, Jiji Press said.

According to the report, the DPJ intends to submit a bill to the current special Diet session, which ends on 15 December, after further discussions on the matter.

The draft bill would see BOJ staff banned from acts that may cause suspicion or distrust in the central bank's policy

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