Direction of monetary-base expansion decisions relative to trend. Separate from fiscal.transfer_expansion even when correlated.
De jure and de facto independence of the central bank from fiscal authority. Per D.1.5 scope, one of the framework's defensible monetary positions.
At its 23-24 January 2025 monetary policy meeting, the Bank of Japan under Governor Kazuo Ueda raised its policy rate from 0.25% to 0.5%, the highest level since 2008. Decision cited on-target underlying inflation, the 2025 shuntō wage-settlement trajectory, and the need to continue gradual normalisation after the March and July 2024 moves. PM Ishiba publicly reaffirmed BoJ independence and declined to second-guess the decision despite intra-LDP reflationist pressure. Accompanied by ongoing taper of JGB purchases following the July 2024 plan to halve monthly purchases by Q1 2026.
Per invariant 3, reforms are scored by what they did on each channel-separated axis, not by the party that enacted them. This fingerprint is how the policy-match engine finds historical analogues.
Explicit links are curated by the author. Inferred links are hypotheses in the library that test the same axes this policy moved — the framework's answer to "what does the data say about a policy like this?".
Ranked by axis-fingerprint overlap with this policy. Direction match bolded — those are the closest historical analogues. Shape of the match is what drives policy-outcome comparison, not the country or party label.