Japan finance minister: Government to tackle reform as BOJ reboots policy framework
TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday that the government must tackle structural reform and carry out its plans to spur the economy, following the Bank of Japan's decision to reboot its monetary policy framework.
The BOJ on Wednesday shifted to targeting interest rates on Japanese government bonds as the focus of its massive monetary easing program, dropping its explicit target of increasing base money.
Aso said the government should not rely solely on the central bank to boost the economy and defeat deflation. The BOJ's new framework won't have an immediate impact on government bond markets, he added.
(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)
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