Bank of Japan (BoJ) Governor Kazuo Ueda answered a parliamentary inquiry on Thursday.
Bank of Japan Governor KazuoUedaanswered a parliamentary inquiry on Thursday. Ueda said thatthe Japan ese central bank can adjust the degree of monetary accommodation by raising interest rates if trend inflation accelerates gradually, per Reuters. Key quotes “Low real rate supports economy and inflation.” “Need to monitor FX and oil for real wages.” “Increase rates if price trend rises as anticipated.
What has been the Bank of Japan’s policy? The Bank of Japan has embarked in an ultra-loose monetary policy since 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The bank’s policy is based on Quantitative and Qualitative Easing , or printing notes to buy assets such as government or corporate bonds to provide liquidity.
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