With Japan’s economy still reeling from the pandemic, the BoJ must sustain its ultra-loose policy, one board member was quoted as saying in the summary released yesterday. (Filepic shows BoJ building in Tokyo- Reuters)
TOKYO: Bank of Japan (BoJ) policymakers appeared undeterred by increasing global debate on withdrawing crisis-mode stimulus, with some calling for the need to avoid a premature tightening of monetary policy.
Stronger-than-expected inflation has taken centre stage in the policy debate among major central banks including the Federal Reserve, sparking market expectations of a gradual but steady exit from coronavirus pandemic-relief measures.
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