Reuters exclusively reported how the Bank of Japan Governor Kazuo Ueda will continue to dismantle the central bank’s ultra-easy monetary policy settings and look to exit the decade-long accommodative regime sometime next year, an inherently risky plan that would require skillful execution.
EconomyGovernment
02 November 2023, 1:57 pm 1 minute
Market Impact
Since taking the helm in April, the central bank chief has mostly echoed his predecessor’s pledge to keep monetary policy ultra-loose until sustained achievement of the BOJ’s 2% price target comes into sight. With inflation exceeding 2% for over a year, however, Ueda has steadily been phasing out the Kuroda-era stimulus starting with a removal in April of a commitment to keep rates at low levels. Yet, Ueda will be mindful of the narrow exit path as even small hints could trigger a spike in bond yields and upend the BOJ’s plan for a soft-landing.
Article Tags
Topics of Interest: EconomyGovernment
Type: Reuters Best
Sectors: Economy & PolicyGovernment & Public Services
Regions: Asia
Countries: Japan
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
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