The Bank of Japan (BoJ) Governor Kazuo Ueda responded to a parliamentary question on Friday, saying that the Japanese economy is moving in line with price target protections.
The Bank of Japan Governor KazuoUeda responded to a parliamentary question on Friday, saying that the Japan ese economy is moving in line with price target protections. Ueda further stated that he will closely watch the market moves with a sense of urgency as uncertainties remain. Key quotes Sees stocks recovering from mid-August onward. Adjusts overblown concerns about the US economy. To monitor markets with high urgency. Sees financial markets in unstable conditions.
What has been the Bank of Japan’s policy? The Bank of Japan has embarked in an ultra-loose monetary policy since 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. 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.
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