The Bank of Japan¡¯s absence from a list of central banks lining up to support Federal Reserve Chair Jerome Powell reflects its aversion to politics and the government¡¯s reluctance to cross the U.S., with an early election on the horizon.
In a sign of the sensitivity of the matter, the BOJ informally consulted the government about whether ?to sign the joint statement, but officials were not able to say yes in time for its release, according to two government ?sources.
¡°The ?reason we couldn¡¯t immediately say yes is partly because of our relationship with the U.S.,¡± one of ?the sources said on condition of anonymity due to the sensitivity of the matter.
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