Japan is likely to continue its ultra-loose monetary policy

Japan is expected to continue its ultra-loose monetary policy despite recent price hikes, according to Bank of Japan Governor Haruhiko Kuroda and Prime Minister Fumio Kishida.

“The Bank of Japan will support the economy, which is still on the path to recovering from the pandemic, through patient continuation of strong monetary easing,” Kuroda told a parliamentary committee on Monday.

Kishida, who attended the same meeting, said the government is not considering changing its agreement with the BOJ, in which the central bank pledges to pursue looser policies to reach 2% inflation.

Consumer prices rose more than 2% year-on-year in April, mainly due to higher energy prices. Kuroda has repeatedly said that such an inflation rate is unsustainable.

https://www.marketwatch.com/story/japan-is-likely-to-continue-ultra-easy-monetary-policy-271653877153?rss=1&siteid=rss Japan is likely to continue its ultra-loose monetary policy

Brian Lowry

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