The Bank of Japan (BoJ) Board members shared their views on inflation and monetary policy outlook, per the BoJ Minutes of the January meeting.
The Bank of Japan Board members shared their views on inflation and monetary policy outlook, per theBoJMinutes of the January meeting. Key quotes “Members agreed on the rising likelihood of hitting the Bank's inflation target, the prospect of doing so was gradually rising.” “Virtuous cycle of wages and inflation, if confirmed, means members would consider ending negative rates and other steps.
The bank’s policy is based on Quantitative and Qualitative Easing , or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first introducing negative interest rates and then directly controlling the yield of its 10-year government bonds.
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