Global Market: Japan weighs revised monetary policy language in economic blueprint to reinforce BOJ independence

Japan's government is reportedly revising its annual economic blueprint to include language that emphasises the Bank of Japan's authority over monetary policy, aiming to reinforce central bank independence. The revision follows a draft released last month that had called on the BOJ to align policy with government growth efforts and had dropped language on fiscal health improvement. Investors are watching the final blueprint closely for signals on Japan's monetary-fiscal policy coordination as the BOJ continues normalising away from ultra-loose policy amid durable inflation.