Yen weakens as Abe threatens to strip Bank of Japan of independence If it doesn't, we'll revise the BoJ Law and set up a policy accord with the central bank to agree on an inflation target. We may also seek to have the BoJ held accountable for job growth. The comments are the strongest warning to date on the possibility of revising the law guaranteeing the BOJ's independence from political interference. It is rare for a prime minister or a would-be premier to make explicit demands on what the BOJ should do at its policy-setting meetings. Mr Abe, who is set to become prime minister on Wednesday after his opposition Liberal Democratic Party (LDP) won this month's lower house election, has put the BoJ at the centre of political debate, urging bolder monetary stimulus to beat deflation. He wants the BoJ to share with the government a binding 2pc inflation target, double the central bank's current goal, and ease policy "unlimitedly" to achieve it. There is no specific time frame. Under pressure, the central bank loosened policy on Thursday for the third time in four months by boosting asset purchases. It also said it would consider setting a higher inflation target at its next policy-setting meeting next month.