BoJ must keep easing to meet 2% inflation aim, says Noguchi


Noguchi, an academic who is a vocal advocate of massive easing, in April joined a board that was split between members wary of the rising cost of prolonged easing and proponents of stimulus. (File pic shows the BoJ HQ in Tokyo)BoJ head quarters

TOKYO: Bank of Japan (BoJ) board member Asahi Noguchi emphasised the need for the central bank to “patiently continue” its current monetary easing as it takes a long time to achieve its 2% inflation target amid the coronavirus pandemic.

In a speech, Noguchi sounded cautiously optimistic on Japan’s economic outlook, saying its recovery would become clearer from the year-end onwards as vaccine rollouts help to ease the effects of the Covid-19 pandemic.

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