The Bank of Japan partially outlined an organizational reform plan Sept. 12 that would streamline its operations starting in April 1998.

The plan comes in the wake of June’s revision of the Bank of Japan Law, which gives the central bank more autonomy and transparency in decision-making. To streamline the decision-making process, three departments will be changed to offices and executive directors will be directly in charge of each office. As a result there will be three less department directors.

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