BOJ to persist with monetary easing to boost inflation - News Summed Up

BOJ to persist with monetary easing to boost inflation


By John RevillZURICH (Reuters) - The Bank of Japan will continue to persist with "powerful monetary easing" to nurture positive inflation developments, BoJ Governor Haruhiko Kuroda said in Zurich on Monday. "The Bank will continue to persist with powerful monetary easing to ensure that such positive developments are not cut short," he added. "This powerful monetary easing ... has been producing remarkable effects," Kuroda said. But while CPI inflation was in the range of 0.5 to 1 percent, Kuroda remained cautious, saying the deflationary mindset remained entrenched in Japan. He said it remained important for the Bank of Japan not to ease up on its efforts to stimulate inflation.


Source: Times of India November 13, 2017 18:22 UTC


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