The Bank of Japan is ready to ramp up stimulus, including through a combination ...
FILE PHOTO: A security guard walks past in front of the Bank of Japan headquarters in Tokyo, Japan January 23, 2019. REUTERS/Issei Kato
Eiji Maeda, the BOJ’s executive director overseeing monetary policy, added that any further step must take into account the impact it has not just on the economy but on the banking system. The BOJ has various means available to ease, such as cutting interest rates, boosting asset purchases and accelerating the pace of money printing, he said.
At a two-day rate review ending on Thursday, the BOJ is widely expected to keep monetary policy steady even as its latest prediction will likely show inflation missing its target through the fiscal year that ends in March 2022.
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