Comment
Japanese law requires ‘autonomy’ but leaves room for government influence
A recent draft of a basic economic policy document has given the market the impression that the government may intervene in the central bank’s monetary policy. (Nikkei montage/Source photos by Nikkei)
TOKYO — Questions about central bank independence are pushing up yields on long-term Japanese government bonds, with some market participants worried that the Bank of Japan could lag in tackling inflation because of government preferences.