Tokyo, April 4 (IANS) Bank of Japan (BOJ) promised to continue monetary easing until it achieves the 2 percent inflation goal, said a report released Thursday by the bank after its two days monetary policy meeting.
The decision which was made at new Governor Haruhiko Kuroda’s first policy meeting reflected the new leader’s resolve to pursue bold monetary easing, reported Xinhua.
The BOJ also decided to introduce a new framework for purchases of government bonds, buy longer-dated government bonds and boost purchases of risky financial assets.
The central bank also said that Japan’s economy has stopped weakening and has shown some signs of picking up, and thus it is expected to return to a moderate recovery path.
The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual.
Hill Post makes no representations as to the accuracy or completeness of any information on this site page.
