By Leika Kihara
TOKYO (Reuters) – Japan’s government hopes the central bank will continue its efforts to reach the 2% inflation target and that the two will work together on economic policy, Prime Minister Fumio Kishida said on Thursday .
“Japan’s economy can resume healthy growth by ensuring that the Bank of Japan’s monetary policy and the government’s fiscal policy work together,” Kishida said at a seminar.
“That’s why it’s important for both sides to communicate and coordinate.”
Future decisions could be influenced by developments in the global economy and the Covid-19 pandemic, he added.
“But for now, it’s important that both sides coordinate policy based on an understanding outlined in a 2013 joint communiqué,” Kishida said.
“The document clarified the role that the government and the central bank play in pulling Japan out of deflation, specifying the target for rising prices for the first time.
(Reporting by Leika Kihara)
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