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Experts see Japan’s PM having limited impact on BoJ independence

Takaichi’s hints on policy direction have precedent in Abenomics, former bank officials say

Kazuo Ueda and Sanae Takaichi
Kazuo Ueda and Sanae Takaichi
Central Banking montage

Japan’s new prime minister has not been shy about offering her thoughts on the direction the country’s central bank should take on interest rates.

Last year, while in the running for the premiership, Sanae Takaichi called the Bank of Japan’s rate hikes “stupid”. Speaking in parliament last month, the newly appointed prime minister also said that while “specific monetary policy means” were the responsibility of the central bank, monetary and fiscal policy goals were the responsibility of the

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