The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook on Thursday, per the BoJ Minutes of the July meeting.
The Bank of Japan board members shared their views on the monetary policyoutlook on Thursday, per theBoJMinutes of the July meeting. Key quotes Members shared a view over the need forvigilance to the risk of inflation overshoot. Many members said it was appropriate to raise rates to 0.25%, adjusting the degree of monetary support. A few members said it was appropriate to adjust the degree of monetary support moderately.
Bank of Japan FAQs What is the Bank of Japan? The Bank of Japan is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%. What has been the Bank of Japan’s policy? The Bank of Japan has embarked in an ultra-loose monetary policy since 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment.
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