The claim
“The final draft of the Japanese government's economic policy blueprint specifies that monetary policy steps will be left to the Bank of Japan.”
Kyodo News report on the draft of Japan's economic policy blueprint
Our verdict
True
The final draft of Japan's economic policy blueprint explicitly states that monetary policy steps will be left to the Bank of Japan, as confirmed by multiple sources describing a footnote protecting BOJ independence and the original Kyodo report.
What we found
The final draft of Japan's economic policy blueprint explicitly states that monetary policy steps will be left to the Bank of Japan, as confirmed by multiple sources describing a footnote protecting BOJ independence and the original Kyodo report.
The evidence
- Background
Source 4 reports the government will insert a footnote referencing BOJ law to protect central bank independence, confirming monetary policy steps are left to the BOJ.
finance.yahoo.com· Reuters/Yahoo article on BOJ independence footnote
How we checked
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