Key Facts
• October 9, 2025: LDP leader Sanae Takaichi spoke on NHK about coalition policies.
• Takaichi stated no immediate need to revise the 2013 government-BoJ policy accord.
• Emphasized aligning government and BoJ efforts for sustainable economic growth.
• Highlighted importance of communication under Article 4 of the Bank of Japan Act.
• Reiterated BoJ’s independence in deciding monetary policy, including interest rates.
• Addressed yen depreciation, noting both positive and negative impacts.
• Urged swift measures to combat inflation and rising costs.
• Proposed abolishing gasoline tax and raising income thresholds for tax relief.
• Announced intent to appoint Itsunori Onodera as new tax policy chief.
• Advocated gradual reduction of debt-to-GDP ratio while maintaining economic growth.
• Stressed the importance of the LDP-Komeito coalition, calling it “fundamental.”
• Mentioned upcoming talks with Komeito leader to solidify coalition agreements.
• Affirmed Japan-U.S. alliance as a cornerstone of diplomacy and defense.
Summary
Sanae Takaichi, leader of Japan’s Liberal Democratic Party (LDP), stated on October 9, 2025, that revising the 2013 government-Bank of Japan (BoJ) policy accord is not immediately necessary. She emphasized the need for alignment between government policies and BoJ actions to ensure sustainable economic growth. Takaichi highlighted the importance of communication under the Bank of Japan Act and reiterated the BoJ’s independence in monetary policy decisions. Addressing inflation and yen depreciation, she acknowledged both benefits and drawbacks while advocating for swift economic measures, including abolishing the gasoline tax and raising income thresholds. Takaichi also announced plans to appoint Itsunori Onodera as the new tax policy chief and stressed the importance of maintaining the LDP-Komeito coalition, calling it “fundamental.” She affirmed her commitment to reducing Japan’s debt-to-GDP ratio gradually while fostering economic growth. Additionally, she underscored the significance of the Japan-U.S. alliance in diplomacy and defense.
