Kihara: Monetary Policy Means Up to Bank of Japan

Japan's Chief Cabinet Secretary Minoru Kihara has emphasized that specific monetary policy decisions are up to the Bank of Japan (BoJ) to make. In a statement, Kihara noted that the government expects the BoJ to conduct appropriate monetary policy to achieve its price target in a sustainable and stable manner.

Kihara's comments came in response to questions about US Treasury Secretary Scott Bessent's recent remark on the Yen. However, he chose not to comment on this specific issue.

The close communication between the government and the BoJ regarding economic and financial trends was also highlighted by Kihara. When asked about bond yields, he stated that they are set by the market based on various factors.