Economic and Fiscal Policy Minister Shinjiro Koizumi said at a press conference after a cabinet meeting on the 10th that the government plans to revise again the wording on monetary policy in the draft of the Basic Policy on Economic and Fiscal Management and Reform, known as the Basic Policy. The draft released at the end of June stated that appropriate monetary policy management is also very important for achieving a strong economy, but this sparked a rise in long-term interest rates as the market widely interpreted it as a check on the Bank of Japan's rate hikes. A revised version shown to the ruling parties on the 7th of this month added wording about appropriate monetary policy management contributing to the realization of stable price rises, but it has not dispelled concerns. Minister Koizumi said adjustments are being made to include language that clarifies the independence of the Bank of Japan.