Archive · 15 Jan 2026
Japan Refrains from Commenting on BOJ's Absence in Joint Statement
Japan's government said they won't comment on why the Bank of Japan didn't join a statement with other big banks.
This statement was about supporting the head of the U.S. Federal Reserve.
The government believes that while they are responsible for big economic decisions, the Bank of Japan should handle its own specific money policies.
Other banks like those in Europe, England, and Canada signed the statement, but Japan's bank didn't.
The government thinks it's important for the bank to make its own choices.
Japan declined to comment on the Bank of Japan's (BOJ) absence from a joint statement by major central banks supporting U.S. Federal Reserve Chair Jerome Powell.
The statement was signed by central bank heads from the European Central Bank, Bank of England, Bank of Canada, and several other countries.
Japan's Chief Cabinet Secretary Minoru Kihara stated that the BOJ's decision is a matter of its own judgment.
The government believes in the independence of the BOJ in specific monetary policy methods but maintains ultimate responsibility for macroeconomic policy.
The joint statement followed the Trump administration's threat of criminal indictment.
- Who
- Japan's government and the Bank of Japan (BOJ)
- What
- Japan's decision to refrain from commenting on the BOJ's absence in a joint statement by major central banks
- When
- January 14
- Where
- Tokyo, Japan
- Why
- The matter concerns the BOJ's own judgment, and the government believes in the independence of central banks in specific monetary policy methods
- Central Banks Involved
- European Central Bank, Bank of England, Bank of Canada, Sweden, Denmark, Switzerland, Australia, South Korea, Brazil, France
- Absent Central Bank
- Bank of Japan (BOJ)
- Government Spokesman
- Chief Cabinet Secretary Minoru Kihara
- Date of Statement
- January 14
- Context
- Trump administration's threat of criminal indictment
- Government's Stance on Central Bank Independence
- Ultimate responsibility for macroeconomic policy lies with the government
- BOJ's Role
- Specific methods of monetary policy entrusted to the BOJ
