A line in a draft policy document triggered market concern over Bank of Japan independence on July 13, prompting a swift edit and official clarifications.
The episode began when a passage in the draft raised questions about the central bank's autonomy. Bond yields and the yen moved sharply in response.
Officials moved quickly to edit the text and issue statements affirming the BOJ's independence. The Japan Times reported the sequence of events on July 13.
The episode highlighted sensitivity around any perceived political influence on monetary policy.