Takaichi Says BOJ Should Decide Policy Steps, Softening Stance
In a shift from her previous dovish stance, Sanae Takaichi, a top contender for the leadership of Japan's ruling Liberal Democratic Party, has stated that the Bank of Japan (BOJ) should be responsible for determining the specific steps of monetary policy. This marks a softening of her earlier remarks, where she had called for the BOJ to take bolder action to boost the economy. Takaichi's current position suggests a more hands-off approach, acknowledging the central bank's independence in setting monetary policy. This shift aligns with the traditional stance of the LDP, which has generally advocated for the BOJ's autonomy in managing the country's economic and financial affairs. The news article highlights Takaichi's evolving stance, which could have implications for the future direction of Japan's economic policy if she were to become the party's leader and potentially the next Prime Minister.
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