TOKYO -- As Japan's ruling Liberal Democratic Party prepares to elect next week a new leader -- who will also become the next prime minister -- the Bank of Japan's Sept. 22 monetary policy meeting was a quiet affair that focused on funding to fight climate change, an issue floated at the previous meeting.
Any more significant BOJ decisions at this important juncture would be scrutinized for political implications, so the central bank leadership deemed it wise to avoid big policy moves.
