TOKYO, June 11 (Reuters) – Japanese Economics Minister Akira
Amari said on Tuesday that he hopes the Bank of Japan takes
appropriate measures to communicate with markets about its
monetary policy.
Amari, speaking to reporters, also said the BOJ decides
monetary policy independently from the government and that he
would not give the central bank specific orders.
The BOJ will consider taking further steps to curb any
future spike in bond yields when it debates policy on Tuesday,
with the recent market turbulence threatening to derail its
radical stimulus plan that relies heavily on boosting confidence
to foster sustainable growth and end chronic deflation.
The BOJ could take the unusual step of extending the
duration of its fixed-rate lending to two years, according to
sources familiar with its thinking, but there are some in the
central bank who do not support such a move.
(Reporting by Stanley White; Editing by Shri Navaratnam)
