Japan's Finance Minister Katsunobu Kato stated on Thursday that she anticipates the Bank of Japan will effectively manage monetary policy in a stable and sustainable manner to achieve the 2% inflation target. Kato expressed a desire for the central bank to maintain close communication with the government. Following the U.S. Federal Reserve's rate hike on Wednesday, the yen weakened against the dollar, yet Kato declined to comment on the currency's movements.
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