BoJ mimics Fed with new 'organisational principles’

bank-of-japan

The Bank of Japan (BoJ) adopted a set of organisational principles today, guided by five fundamental values – public interest, transparency, excellence, integrity, effectiveness and efficiency – that it wants to place at the core of its operations.

The principles mirror the ‘mission and values' of the Federal Reserve's board of governors, with only one exception: the Fed aims to achieve "independence of views" and not transparency.

Adequate transparency will, the BoJ said, require the central ba

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