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Private-sector members of Japan's economic advisory panel said the government and the Bank of Japan should coordinate closely while respecting the central bank's independence. The statement comes as Japan's long-term interest rates have risen sharply and markets scrutinise fiscal and monetary policy.
By Makiko YamazakiPrivate-sector members of Japan's key economic advisory panel reiterated on Wednesday the need for close coordination between the government and the Bank of Japan on monetary policy, while explicitly stressing respect for the central bank's independence.The recommendations by the…