Although the Bank remains to a certain degree under the government's control as a public organization, it is granted by the Bank of Japan Law the explicit mission to conduct monetary policy in pursuit of price stability, and thus the Policy Board can make monetary policy decisions independently without external interference.
Second, in order to ensure the independence of the Bank, Policy Board members' term of office is set as five years and during this term their status is guaranteed, with causes for dismissal limited to, for example, physical or mental disorders. Third, the attendance of government representatives at monetary policy committees varies according to central banks.