Japan's government made a new plan. The plan asks the Bank of Japan to help the economy grow. The Bank controls money in Japan. This plan pushes the Bank to work with the government.
Japan's Blueprint Pushes Central Bank Toward Growth
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The Bank of Japan sets interest rates. It also controls how much money people have. The new plan wants the Bank to make decisions. These decisions should help businesses spend more. They should help families spend more too.
Prime Minister Sanae Takaichi leads this effort. She wants prices to go up. She wants people to buy more things. The plan says the government and the Bank must work together. This is called the reflation plan.
Sources: japantimes.co.jp / reuters.com