Daily Management Review

Bank of Japan will continue to pursue soft policy


The Bank of Japan will maintain its current accommodative stance in order to hit its inflation target.

Considering the "extremely high uncertainty of the outlook," a Bank of Japan official stated on Wednesday that the institution will continue to adopt accommodative policies in order to meet its aim of 2% inflation and matching wage growth.

Seiichi Shimizu, the executive director of the central bank and in charge of monetary policy, told lawmakers that although it will take time, the inflation trend will eventually achieve the target of 2 percent as GDP growth approaches its potential and inflation expectations rise.

source: nikkei.com