Doubts Surround Markets Over BOJ’s Potential Policy Change

Despite inflation staying well above the Bank of Japan’s 2% target, financial markets are skeptical about whether the central bank will make any changes to its ultraeasy monetary policy at its upcoming meeting.

Given this prevailing view, a shift in Japan’s ultraloose policy could have wide-ranging repercussions, similar to when the central bank raised the 10-year yield cap to 0.5% in a surprise move in December to rectify market distortions.

BOJ Gov. Kazuo Ueda was recently quoted by the media as saying the country was still far from stably achieving the bank’s 2% inflation target, helping to reverse market trends triggered by growing speculation of a possible policy adjustment this month.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Swift Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – swifttelecast.com. The content will be deleted within 24 hours.

Leave a Comment