“A reduction in monetary easing as seen in other central banks will not be an option for Japan“Bank of Japan (BoJ) monetary policy council member Asahi Noguchi said in a statement Thursday.
Additional comments
The 2% inflation target has been a high hurdle to achieve, takes longer to fulfill than expected.
He still thinks that it is possible to reach the inflation target of 2%.
The mix of fiscal and monetary policies has achieved some success.
It is expected to take a long time to reach the 2% inflation target, the most important thing is patiently continue current monetary easing.
Must be decide carefully if the special coronavirus program is reduced of the BoJ.
No change in price trend is seen.
The recovery of the Japanese economy will be clearer at the end of the year and onwards as the pain of the covid eases.
The Japanese economy is rebounding, led by foreign economies.
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