FUKUSHIMA, Japan :Bank of Japan (BOJ) board member Junko Nakagawa said on Wednesday the central bank must maintain ultra-loose monetary policy for the time being, as the economy has yet to sustainably achieve its 2 per cent inflation target.Nakagawa said the world's third-largest economy is expected to contin
FUKUSHIMA, Japan :Bank of Japan board member Junko Nakagawa said on Wednesday the central bank must maintain ultra-loose monetary policy for the time being, as the economy has yet to sustainably achieve its 2 per cent inflation target.
She also said price hikes could intensify if corporate inflation expectations overshoot, which was among"major risks" for Japan's price outlook.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan Post Holdings to sell down stake in Japan Post Bank in $9 billion dealTOKYO :Japan Post Holdings will sell down its stake in Japan Post Bank to under 65 per cent from the current 89 per cent, it said on Monday, in a deal that could be worth about 1.26 trillion yen ($9.25 billion).Announcing the secondary offering, Japan Post Bank said its parent would sell about 975 million sha
Read more »
Incoming BOJ head says merits of ultra-low rates exceed costsTOKYO :Incoming Bank of Japan (BOJ) Governor Kazuo Ueda said on Monday the merits of the bank's current monetary policy outweigh the costs, stressing the need to maintain support for the country's economy with ultra-low interest rates.While the BOJ's yield curve control (YCC) policy has helped stimulate the e
Read more »
Incoming BOJ head says merits of ultra-low rates exceed costsTOKYO :Incoming Bank of Japan (BOJ) Governor Kazuo Ueda said on Monday the merits of the bank's current monetary policy outweigh the costs, stressing the need to maintain support for the country's economy with ultra-low interest rates.While the BOJ's yield curve control (YCC) policy has helped stimulate the e
Read more »
Incoming BOJ deputy head Uchida brushes aside near-term tweak to easy policyTOKYO :Incoming Bank of Japan (BOJ) Deputy Governor Shinichi Uchida on Tuesday brushed aside the chance of an immediate overhaul of ultra-loose monetary policy, suggesting that any review of its policy framework could take about a year.Uchida, a career central banker, said the BOJ should not modify its ultra-
Read more »
Incoming BOJ head Ueda: Appropriate to keep easy policyTOKYO : Incoming Bank of Japan (BOJ) Governor Kazuo Ueda said on Monday it was appropriate for the central bank to maintain ultra-loose policy while coming up with ideas to mitigate the side-effects of prolonged monetary easing.'There are various side-effects emerging, but the BOJ's current policy is nece
Read more »
BOJ's Wakatabe warns secular stagnation risk has yet to passCentral banks must remain on guard against the potential dangers of secular stagnation and low inflation as price rises driven by cost-push factors do not last long, Bank of Japan (BOJ) Deputy Governor Masazumi Wakatabe said on Monday.Japan's economy was in deflation for a prolonged period, but sustainabl
Read more »