Bank of Japan monetary easing

Added On March 7, 2018

A nominee for deputy governor of Japan's central bank has said, he may propose additional monetary easing. He believes that this may be necessary to reach the Bank of Japan's two percent inflation target.
Masazumi Wakatabe was nominated for the leading role by the Japanese government. He noted that setting the target has been "meaningful."
He said the bank should not exit from monetary easing until inflation is above two percent and stable.
Last week, the central bank's governor said around the 2019 fiscal year, the bank will likely debate an exit from monetary easing. This is when inflation is expected to hit its two percent target.
His comment led to a rise in the yen, as market participants have been seeking clues as to when and how the Bank of Japan will taper its stimulus.