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MNI INTERVIEW2: Kuroda’s BOJ To Hold To Policy Stance - Kameda

(MNI) Tokyo
(mni) Tokyo

Former Bank of Japan Chief Economist Seisaku Kameda has added his voice to the chorus who see Japan’s core consumer price index likely to rise to around 3% towards the end of this year - but the BOJ’s ultra-easy monetary policy stance remaining unchanged.

Kameda stressed that the BOJ is unlikely to respond directly to cost-push inflation and the yen’s short-term fall, awaiting the appointment of a new BOJ governor and deputies in Spring 2023. While he said the BOJ could examine or review monetary policy, including the impact of cost-push inflation developments, he did not elaborate.

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Former Bank of Japan Chief Economist Seisaku Kameda has added his voice to the chorus who see Japan’s core consumer price index likely to rise to around 3% towards the end of this year - but the BOJ’s ultra-easy monetary policy stance remaining unchanged.

Kameda stressed that the BOJ is unlikely to respond directly to cost-push inflation and the yen’s short-term fall, awaiting the appointment of a new BOJ governor and deputies in Spring 2023. While he said the BOJ could examine or review monetary policy, including the impact of cost-push inflation developments, he did not elaborate.

Keep reading...Show less