Bank of Japan Douses Hopes for Easy Policy End, Wall Street Fears Global Spillover, Stronger Yen Lurking, Tokyo Offers Stability Amid Dim Office Market Views
TL;DR
The Bank of Japan (BOJ) has dismissed speculation that its recent policy adjustment signaled the start of a tightening cycle, emphasizing that its flexible approach to long-term bond yields is aimed at sustaining its ultra-easy monetary policy position. Deputy Governor Shinichi Ichida stated that the BOJ does not have an exit from monetary easing in mind and that there is still a long way to go before considering raising short-term interest rates. The BOJ's yield curve control, part of its ultra-easy monetary policy, is intended to stimulate growth and achieve its 2% inflation target. Ichida highlighted the need to strike a balance between the positive effects and costs of monetary policy.
Topics:businessfinance#bank-of-japan#finance#inflation-target#interest-rates#monetary-policy#yield-curve-control
- 'Long way to go': Bank of Japan douses hopes that policy tweak marks the end of easy policy CNBC
- Wall Street Is Gaming Out Global Spillover Threat From BOJ Shock Bloomberg
- Is a Stronger Yen Lurking Around the Corner? The Wall Street Journal
- Tokyo a rare bit of stability in world of dim views on office markets South China Morning Post
- Japanese Yen Remains Under Pressure as USD/JPY Looks for Upside Breakout DailyFX
- View Full Coverage on Google News
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