Japan's top government spokesperson Kihara just made it clear where the line is drawn: monetary policy decisions stay with the Bank of Japan. Period.

This kind of statement usually pops up when there's tension brewing between political pressure and central bank independence. The BOJ has been under intense scrutiny lately given their unorthodox monetary stance while other major economies tighten.

Kihara's remarks essentially reinforce the firewall between government intervention and the central bank's operational autonomy—a crucial separation that markets watch closely, especially in an environment where policy divergence is creating massive currency swings.

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JustHodlIt

· 10h ago

Japan is also starting to draw a line, it seems that the independence of the Central Bank must be upheld globally. If the central bank were to be controlled arbitrarily by the government, the crypto world would have been in chaos long ago... Wait, Japan hasn't really been chaotic to begin with. Wow, giving power to the central bank is an extravagant wish that one wouldn't even dare to think of in the encryption world. With firewalls and policy differences, to put it bluntly, it's still just shifting the blame. The Bank of Japan insists on independent operations, which makes me a bit hopeful about their upcoming actions. This move is telling the market: we won't act recklessly, you can hold your coins with peace of mind. It feels like this is laying the groundwork for future policy shifts, don't be fooled by the superficial "independence."

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LiquidityNinja

· 10h ago

Well, it's just that I don't want to take the blame, throwing the hot potato to the Central Bank. The independence of the central bank is always used like this. It's hard to say how long Japan can withstand this set of tactics. It doesn't matter, anyway, yen Fluctuation is the way to go. The government talks about delegating power, but do they really know how to operate behind the scenes? This time the Central Bank has been pushed out to take the heat.

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GateUser-26d7f434

· 10h ago

The Bank of Japan is going to play by itself again, the government is letting go... Let's watch the show This wave will either see a yen riot or it will stabilize? Who knows The independence of the Central Bank sounds great, but in the end, they still have to shift the blame to each other Is Japan ringing a warning bell to the market... It's starting again, every time they say independence, but when it comes to the critical moment I feel the risks are accumulating, brothers Will non-traditional policies continue to be upheld? It's a bit rigid.

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potentially_notable

· 10h ago

The Bank of Japan is really holding the line this time, not letting the government meddle indiscriminately. The independence of the Central Bank has now become a scarce resource. Miyahara's words sound strong, but it feels like there's more to the story. It's another policy tug-of-war, and the yen is about to shake three times. It feels like Japan is in a bit of a dilemma right now. If the Central Bank doesn't comply, the Cabinet has to make such a clear statement; it's quite subtle. Japan is still trying to balance things out, while Europe and the U.S. have already chosen their sides. No matter how thick the firewall is, it can't block market sentiment. There must be significant pressure behind this; otherwise, would they say such things publicly?

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