Former BOJ's mother: The Central Bank Would Maintain its Easy Monetary Policy "For Many Quarters to Come"

According to Kazuo Momma, a former top official in charge of monetary policy at the central bank, the Bank of Japan (BOJ) will continue its current monetary easing programme "for many quarters to come" in order to ensure economic recovery and pursue

July 04, 2022 - 12:12 PM 426 views

Former BOJ's mother: The Central Bank Would Maintain its Easy Monetary Policy "For Many Quarters to Come"

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© Former BOJ's mother: The Central Bank Would Maintain its Easy Monetary Policy "For Many Quarters to Come"

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According to Kazuo Momma, a former top official in charge of monetary policy at the central bank, the Bank of Japan (BOJ) will continue its current monetary easing programme "for many quarters to come" in order to ensure economic recovery and pursue a still-distant target of sustainable 2 percent inflation.

There is a strong argument, according to Momma, for the BOJ to continue using its existing yield curve control through the rest of this year or even after.

The Market Reaction

As of this writing, USD/JPY has stopped rising and is presently trading at around 135.10, down 0.06 percent today.

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