Japan Economy Chief Presses BOJ for Closer Coordination on 2% Inflation

Japan’s Economy Minister Yoshitaka Akazawa said the government expects the Bank of Japan to communicate and coordinate more closely with policymakers after the central bank left its key interest rate unchanged. Speaking to reporters on Friday, Akazawa said closer cooperation is needed to ensure monetary policy guides prices toward the BOJ’s long-standing 2% inflation objective on a sustainable and stable basis. Akazawa added that the decision to keep rates steady reflected caution over both domestic and international economic conditions, underscoring the importance of monitoring global developments alongside Japan’s own data. The remarks highlight the administration’s desire for a united fiscal-monetary front as it navigates lingering inflationary pressures and an uncertain external outlook.