The Japanese Minister of Growth Strategy stated that the independence of the Bank of Japan must be respected.

Japan's Minister of Growth Strategy, Tetsushi Sonobe, stated that the independence of the Bank of Japan must be respected, and specific monetary policy tools should be determined by the central bank itself. "According to Article 3 of the Bank of Japan Law, it is necessary to respect the autonomy of the Bank of Japan in monetary and financial regulation," Sonobe said at a press conference held in Tokyo on Friday. "The government believes that specific monetary policy methods should be decided by the Bank of Japan." He mentioned that the government is still adjusting the annual economic guidelines that will be released later this month. Sonobe said, "We are currently adjusting the wording based on feedback from ruling party members." Reports from media last night suggested that the economic guidelines will include a note stating that the Bank of Japan Law requires respect for the central bank's autonomy.