Since 1975
  • facebook
  • twitter
  • Home
  • Business
  • BOJ members called for continued monetary easing

BOJ members called for continued monetary easing

One member said that the year-on-year rate of change in consumer prices
One member said that the year-on-year rate of change in consumer prices "may momentarily rise to a level close to 2 percent" in and after April. (AFP)
Short Url:
24 Mar 2022 02:03:32 GMT9
24 Mar 2022 02:03:32 GMT9

TOKYO: Bank of Japan policymakers, at a meeting in January, shared a view that the central bank should continue its massive monetary easing, the minutes of the meeting showed Thursday.

It is “important” to clearly communicate to the public that the BOJ will continue its monetary easing until consumer price inflation meets its 2 percent target “in a stable and sustainable manner,” some of the bank’s nine Policy Board members said at the Jan. 17-18 monetary policy meeting.

They called for such efforts in order to “avoid any misunderstandings” on the future course of the monetary policy, according to the minutes, released by the bank.

One member said that the year-on-year rate of change in consumer prices “may momentarily rise to a level close to 2 percent” in and after April.

In addition, a few members mentioned “a risk of energy prices remaining elevated or rising further,” as investment in fossil fuel development is becoming constrained due to stricter environmental regulations worldwide and geopolitical risks are increasing in some commodity-exporting countries.

JIJI Press

topics
Most Popular
Recommended

return to top