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Bank of Japan favouring stimulus' expansion

ArgusFX

Bank of Japan's policy makers, amid the central bank's review outcome, emphasized the need to expand stimulus for hitting the price target.

Bank of Japan should take further stimulus measures

The central bank's review showed further that the BOJ's decision to stabilize monetary policy came after the bank's board decided to take more time in examining how January's decision in adopting negative interest rates would influence the economy.

Furthermore, one of the nine members of the board highlighted that the Bank of Japan should take further measures to overcome the short-term downside risks on the prices and the economy.

While the stimulus scheme's effects are uncertain, some board members called for other approaches that could achieve the 2% inflation target.

Moreover, some of the members agreed that the BOJ should consider and optimize the current policy's sustainability and durability in achieving the forecasted price target.



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Source: https://www.argusfx.com/en/research-education/market-analysis/news/bank-of-japan-favouring-stimulus-expansion
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