According to people familiar with the matter, the government led by Prime Minister Sanae Takaichi supports the Bank of Japan's recent interest rate hike, and the next rate hike is likely to happen in September or October. People familiar with the matter added that the central bank is concerned that the weakening yen will push up prices, and the government wants to strengthen the effects of the recent monetary intervention between the US and Japan. The two sides reached a consensus on this, believing that it is necessary to raise interest rates in the short term. The Bank of Japan enjoys legal independence in monetary policy, but it also needs to maintain close communication with the government on economic policy goals. The Takaichi Sanae Cabinet cannot force the Bank of Japan to set a specific interest rate, but it can release signals, which in turn influence the central bank's decisions. The Prime Minister's office stated in an email statement, “We believe that specific monetary policy measures, including interest rate hikes, should be decided by the Bank of Japan.” The statement also mentioned that the central bank should work closely with the government to achieve the 2% inflation target in a “stable manner.” The Bank of Japan did not comment on this.

According to people familiar with the matter, the government led by Prime Minister Sanae Takaichi supports the Bank of Japan's recent interest rate hike, and the next rate hike is likely to happen in September or October. People familiar with the matter added that the central bank is concerned that the weakening yen will push up prices, and the government wants to strengthen the effects of the recent monetary intervention between the US and Japan. The two sides reached a consensus on this, believing that it is necessary to raise interest rates in the short term. The Bank of Japan enjoys legal independence in monetary policy, but it also needs to maintain close communication with the government on economic policy goals. The Takaichi Sanae Cabinet cannot force the Bank of Japan to set a specific interest rate, but it can release signals, which in turn influence the central bank's decisions. The Prime Minister's office stated in an email statement, “We believe that specific monetary policy measures, including interest rate hikes, should be decided by the Bank of Japan.” The statement also mentioned that the central bank should work closely with the government to achieve the 2% inflation target in a “stable manner.” The Bank of Japan did not comment on this.