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Post by bot on Apr 19, 2012 19:54:36 GMT -5
Japan's ruling party to review central bank law from MarketWatch.com - MarketPulse LOS ANGELES (MarketWatch) -- Japan's ruling party plans to discuss possibly increasing political control over the nation's central bank, though any actual legislative changes are unlikely in the near term, the business daily Nikkei said Friday. The report quoted Democratic Party of Japan policy chief Seiji Maehara as saying Thursday that matter should be considered, following calls by Finance Minister Jun Azumi and others in both the DPJ and opposition parties for the Bank of Japan to do more to support growth. However, strong resistance to less autonomy for the Bank of Japan remains among many memebers of the DPJ and leading opposition Liberal Democratic Party, the report said.
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