HOME > NATION > Article

Text Size

small

medium

large


BOJ Easing Measures "Fulfilled Their Roles": Meeting Summary

BOJ Easing Measures "Fulfilled Their Roles": Meeting Summary

   Tokyo, March 28 (Jiji Press)--A Bank of Japan policymaker said at the latest monetary policy meeting that the central bank's massive easing measures "have likely fulfilled their roles," a summary of opinions at the March 18-19 meeting showed Thursday.
   According to the summary, many members of the BOJ's Policy Board agreed that achieving the BOJ's price stability target of 2 pct in a sustainable and stable manner is within sight, in view of large wage hikes offered mainly by large companies in this year's "shunto" labor-management negotiations.
   At the policy meeting, the BOJ decided to end its negative interest rate and yield curve control policies, as well as new purchases of exchange-traded funds.
   One policymaker said that the shift from the quantitative and qualitative monetary easing introduced in 2013 to a "normal phase of monetary easing" would be "quite possible without causing short-term shocks."
   "Expectations for the outlook for Japan's economy have increased," another policymaker said. "The economy is possibly reaching a historic inflection point."

To read a full story, please click here to find out how to subscribe.

NATION

HEADLINES

POLITICS
Japan's Kamikawa Urges Iranian Foreign Min. to Prevent Rise in Regional Tensions
ECONOMY
Elon Musk Unveils Plan to Charge New X Users Small Fee to Eliminate Bots
SPORTS
Rugby: Ex-New Zealand Coach Ian Foster to Join Coaching Staff of Toyota Verblitz
OTHER
Police Investigating 2 Burned Bodies Found on Riverbank in Nasu, Tochigi Pref.

AFP-JIJI PRESS NEWS JOURNAL


Photos