LDP group to draw up BOJ law revision proposal

JAPAN - A group of lawmakers in the ruling Liberal Democratic Party will draw up a report recommending revisions to the Bank of Japan law in early October, a key member of the group said Wednesday 5 Sep.

Kozo Yamamoto, a House of Representatives member who leads the group, reiterated that the BOJ law should be revised to have the central bank set an inflation target and beef up policy cooperation with the government.

Yamamoto made the comments in a speech before the Foreign Correspondents' Club