Your current location is:{Current column} >>Text
Japan's industry minister predicts eventual end to ultra
{Current column}89935People have watched
IntroductionBy Satoshi Sugiyama and Leika KiharaTOKYO (Reuters) -The Bank of Japan's ultra-loose monetary policy ...
By Satoshi Sugiyama and pricemarkets foreign exchange platformLeika Kihara
TOKYO (Reuters) -The Bank of Japan's ultra-loose monetary policy, which was aimed at "buying time" to push through structural reforms, will eventually end as inflation accelerates, Japanese industry minister Yasutoshi Nishimura said on Tuesday.
"The BOJ is sustaining monetary easing since various events (affecting the economy) occurred such as the COVID-19 pandemic and Russia's invasion of Ukraine," Nishimura told a regular post-cabinet news conference.
"But inflation is now accelerating. Given what's happening across the globe, (the BOJ's) policy aimed at buying time will eventually end and normalise," he said.
While Nishimura is not directly in charge of liasing with the BOJ on monetary policy, he belongs to a group of ruling party lawmakers who support the reflationist policies pursued by former Prime Minister Shinzo Abe.
The BOJ's massive stimulus programme was put in place in 2013 as part of Abe's "Abenomics" stimulus policies aimed at pulling Japan out of deflation and economic stagnation.
"Monetary easing was a policy aimed at buying time for Japan to push through a growth strategy and structural reforms, and move back toward a growth path," Nishimura said.
With inflation now exceeding its 2% target for more than a year, markets are rife with speculation the BOJ will soon phase out its ultra-loose policy that has been criticised by investors as distorting markets and hurting bank profits.
The BOJ is widely expected to maintain its easy policy settings at its two-day meeting ending on Friday.
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!
Tags:
Related articles
Top Stocks That Usually Defy Gravity During Economic Slowdowns
{Current column}The US economy's chances of entering a recession are on the riseWhile the economy may or may not ent ...
Read moreThe unauthorized and malicious deduction of profits and commissions from an account by FP Markets
{Current column}FTIreminds investment enthusiasts that choosing a platform that is regulated by reliable regulatory ...
Read moreIs BMS a legit or a scam? BMS Review
{Current column}FTI's top 100 forex brokers you can refer to for selection. If it is not in the top 100, you sho ...
Read more
Popular Articles
- This week in tech: Shares slide at Netflix, Tesla, Alphabet
- Is Japan Bond a legit or a scam? Japan Bond Review
- Hankotrade and Fyntura are both unsafe forex brokers, clients can't withdraw their funds
- Is TFX a legit or a scam? TFX Review
- Raisi says hijab is the law in Iran as unveiled women face 'yoghurt attack' By Reuters
- Is Magic Compass Securities Reliable? Is the platform legitimate?
Latest articles
-
The Fed Meeting Explained
-
EightCap is accused of not addressing issues related to slippage of 40 USD
-
Axel Private Market Review: Is Axel Private Market a safe forex trading platform?
-
Expose black platform ATFX for arbitrarily freezing the commission accounts of its agents
-
Dow futures tick lower, Semtech up 10.2% after earnings By
-
OEXN is a black