(From The Yomiuri Shimbun/Daily Yomiuri)
Economic forum / BOJ's independence at risk
Strong government produces inflation while a strong central bank delivers deflation. Such a connection can be made by examining the history of the relationship between the government and the Bank of Japan.
Toshihiko Fukui's main task after assuming the post of central bank governor Thursday is to put monetary policy to full use to drag the nation's economy out of its deflationary downturn and establish better relations between the government and the central bank.
The right of the finance minister to dismiss the bank's chief was incorporated into the …