Bank of Japan board member AsahiNoguchisaid on Thursday that the “main scenario is that future rate hikes are likely to be slow, but that depends on economic data.” Additional quotes Will take into account cost-driven inflation and policy adjustment if higher wages lead more to higher prices. It will take a considerable amount of time till positive cycle takes root. The likelihood of reaching 2% inflation target in about 2 years is rising. Some big firms are benefiting from weaker Yen.
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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