Region:
Asia
Category:
Economy

Another World: Japan seeks to break deflation

Bank of Japan is ready to implement further monetary easing to achieve 2% inflation

The governor of Japan's central bank has reiterated that, if necessary, your financial institution will conduct further monetary easing in order to achieve the inflation target of 2% has been proposed.

The governor of the Bank of Japan, Haruhiko Kuroda, issued a statement on Tuesday, after meeting for the first time in four months with Prime Minister Shinzo Abe.

Kuroda said he had informed the prime minister about the general state of the economy and finances and told him that the Bank of Japan is on track to achieve the inflation target proposal.

Kuroda also told Abe that the central bank will not hesitate to tighten policy if the economic situation inside and outside Japan difficult to achieve that goal.

Asked if the Prime Minister Abe wants the BOJ conducted further monetary easing, Governor Kuroda said that the prime minister had not asked for anything in particular.

Source: NHK (Japan Broadcasting Corporation)

traslation: Belén Zapata