Key facts
- Japan's Council on Economic and Fiscal Policy (CEFP) private-sector members highlighted the need for government-BOJ coordination on monetary policy.
- They also stressed the importance of the Bank of Japan's independence.
Private-sector members of Japan's Council on Economic and Fiscal Policy (CEFP) have underscored the necessity of a collaborative approach between the government and the Bank of Japan concerning monetary policy, while simultaneously affirming the central bank's autonomy. The CEFP, which is presided over by the prime minister, holds responsibility for the nation's fiscal blueprint and broader economic policies.