boj speech, 2025-03-05
On this point, the Review states that "in the exchange of views conducted . . . it was pointed out that the large-scale monetary easing implemented by the Bank led to a loosening of fiscal discipline," and that "it is crucial for the Bank to continue to clearly explain as it has been doing continuously and consistently, that the aim of monetary policy . . . should not be to support monetary financing of government debt."
Sentiment: neutral
Topic: fiscal_policy