Global Market: Japan govt urges BOJ policy coordination as it targets faster economic growth

Japan's draft policy framework targets real economic growth above 1 percent as early as possible and nominal growth above 3 percent, reflecting Prime Minister Takaichi's push to revive the domestic economy. The blueprint envisions combined public and private investment exceeding 370 trillion yen through fiscal 2040 and annual private capex rising to around 230 trillion yen. The draft also emphasises close coordination between the government and the Bank of Japan on monetary policy, with a preference for sustaining low borrowing costs while steadily reducing the debt-to-GDP ratio.