The Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday that the Japanese central bank expected to maintain the accommodative monetary policy for the time being.
The Bank of Japan Governor Kazuo Ueda said on Thursday that the Japanese central bank expected to maintain the accommodative monetary policy for the time being. Key quotes “BoJ expected to maintain accommodative monetary policy for the time being.” “Accommodative monetary policy likely to underpin the economy.” “Cost-push pressure on inflation dissipating but service prices continue to rise moderately.
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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