Government representatives who attended the Bank of Japan's policy meeting in December were granted a half-hour adjournment to contact their ministries, minutes showed, a sign the decision to tweak its yield control policy may have been hastily arranged.
, the BOJ kept its ultra-easy monetary policy but shocked markets with a surprise tweak to its yield curve control policy that allowed long-term interest rates to rise.
Another government representative, who belonged to the Cabinet Office, urged the BOJ to be vigilant about the fallout from rising inflation, supply constraints and market volatility on Japan's economy, the minutes showed. Two government representatives - one from the MOF and another from the Cabinet Office - are legally entitled to attend BOJ policy meetings and voice the government's views on policy decisions, though they cannot cast votes.
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