Daily Management Review

Bank of Japan board member announces readiness for further policy mitigation amid rising risks


Bank of Japan board member Takako Masai said the central bank would not hesitate to soften policy if the momentum to achieve a 2% inflation target is lost, Reuters reports.

"Recently, I have been worried that prices will be negatively impacted amid significant downside risks associated with foreign economies," said Masai, speaking to business leaders in Tsu (Mie Prefecture).

"I intend to continue pursuing a monetary policy in an appropriate manner to achieve the goal of price stability, taking into account all the possible negative and positive consequences from all sides," she added.

The Bank of Japan, following a meeting last week, left the monetary policy unchanged, but signaled the possibility of expanding incentives.

The Bank of Japan said it has four instruments to ease monetary policy: further lowering negative rates, lowering the target for 10-year bond yields, boosting asset purchases and speeding up money printing.

Inflation in Japan remains well below the target 2% level, despite years of massive monetary stimulus.

Last month, the annual core inflation in the country was updated in at least two years. Consumer prices excluding the cost of fresh food (a key inflation indicator tracked by the Bank of Japan) in August rose by 0.5% in annual terms after growing by 0.6% a month earlier.

source: reuters.com

Science & Technology

SpaceX Receives Approval To Create Research & Manufacturing Facility In Los Angeles

JPMorgan: Transition to e-money will be based on blockchain

Tesla In Advance Talks With CATL For Using Lithium Batteries

Financial giants and US government turn to quantum computers

Long Way To Go For Coronavirus Vaccine, Say Drgumakers

Google's subsidiary launches recognition service for photoshopped images

Unapproved Drug For Coronavirus Treatment And Testing Given By Gilead Sciences

Live Facial Recognition Cameras Will Be Used By London Police

Driverless Vehicle For Its Ride-Sharing Service Unveiled By GM’s Cruise

Amazon will allow customers to pay with palms instead of cards

World Politics

World & Politics

Japan’s vice minister will fly to Lebanon to make case for Carlos Ghosn’s return

Compared To China, More New Coronavirus Cases Being Reported From Outside It

EU Informs Britain That It Can’t Slacken EU Climate Goals & Carbon Pricing

France shuts down first reactor of the country's oldest NPP

Coronavirus Outbreak Delays Several Conference And Trade Deals Across The Globe

Germany pledges to fight right-wing extremism after Hanau shooting

Ex-head of Mexican Pemex will be transferred to Madrid prison

China Releases First Detailed Study Of Coronaviurs Attack, Finds Elderly At Most Risk