Japan's government has released a draft economic blueprint that pushes the Bank of Japan to support growth. The plan encourages the central bank to work together with government policies.
Japan's Blueprint Pushes Central Bank Toward Growth
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The Bank of Japan controls interest rates and the money supply. The new blueprint asks the bank to make decisions that increase spending by businesses and consumers. This could help the economy grow.
Prime Minister Sanae Takaichi is leading this reflation effort. She believes that raising prices and economic activity is important. The blueprint says the government and central bank should work closely together.
Sources: japantimes.co.jp / reuters.com