The Bank of Japan should continue its powerful monetary easing as there is still a long way to achieve the 2 percent inflation, Deputy Governor Kikuo Iwata, said Wednesday.
The banker noted that the economy is expanding moderately but prices are relatively weak.
“In light of such recent developments in economic activity and prices as well as financial conditions, the Bank deems it important to continue to persistently pursue powerful monetary easing under the framework of “QQE with Yield Curve Control,” Iwata said.
According to summary of opinions, a board member said at its last policy review that it is not favorable to let market expectations regarding the adjustment of monetary easing heighten at an early stage.
“If a reduction in the purchase amount of super-long-term JGBs could have an unintended signal effect on monetary policy, it should be corrected,” the member said.
The material has been provided by InstaForex Company – www.instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
