Central Banks


BOJ dep gov Iwata – BOJ needs to persistently continue easing



Bank of Japan deputy governor Iwata 

  • Still some distance from 2 pct inflation target
  • BOJ must continue with powerful monetary easing
  • Trying to restore fiscal health too hastily may slow growth, make achievement of 2 pct inflation difficult
  • BOJ’s yield curve control is most
    appropriate policy with biggest effect, minimal costs
  • BOJ should maintain
    current policy as long as it’s not sure of the effects of other
    possible options

  • Govt steps, as well as boj’s appropriate
    policy, needed to achieve price target, sustainable growth

more to come  

































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