Japan economics minister warns of premature QE exit

Japanese Economics Minister Akira Amari warned that it would be premature for the Bank of Japan to consider an exit strategy from its massive stimulus programme, voicing hope instead for further monetary easing if achievement of its inflation goal falls behind schedule.   The central bank has kept policy unchanged since deploying an intense burst of monetary stimulus in April last year, when it pledged to double base money via aggressive asset purchases to accelerate inflation to 2 percent in roughly two years.  With Japan only halfway to meeting that target, the BOJ is set to keep its stimulus plan intact well into next year.”

http://uk.reuters.com/article/2014/07/11/uk-japan-economy-amari-idUKKBN0FG06V20140711

Comments are closed, but trackbacks and pingbacks are open.