Japanese Prime Minister Fumio Kishida said on Sunday his government and the central bank must discuss their relationship in guiding economic policy after he names a new Bank of Japan (BOJ) governor in April.
with the central bank that focuses on beating deflation, a move that would lay the groundwork for an exit from the BOJ's ultra-loose monetary policy.
"Under the new BOJ governor, we must discuss the relationship between the government and the BOJ," said Kishida, who has authority to choose the central bank head.by widening the band around its 10-year bond yield target to address market distortions caused by its policy, a move investors saw as a prelude to a future rate hike.
Surging raw-material import costs have pushed inflation well above the BOJ's 2% target in recent months, achieving what Kuroda's decade-long stimulus efforts had failed to accomplish.
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