TOKYO : Japan’s Chief Cabinet Secretary Hirokazu Matsuno said on Friday he expects the central bank to coordinate closely with the government and conduct “appropriate” monetary policy to sustainably achieve its 2 per cent inflation target.
Matsuno made the comment in a regular news conference, when asked about the government’s view on whether the Bank of Japan (BOJ) should take steps at next week’s policy meeting to allow long-term interest rates to rise more in line with higher inflation.