Comment: Unravelling the BoJ message

- Central Banking staff
- 10 Mar 2006

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The Bank of Japan put an end to its "quantitative easing" policy last week. Although the timing was slightly ahead of expectations, the move itself was widely anticipated. Attention has now turned to unravelling the implications of the central bank's new guideline for inflation.

COMMENT BY CENTRALBANKNEWS

The BoJ said an inflation range of 0% to 2% represented the board's "understanding of medium-to-long-term price stability". Governor Toshihiko Fukui emphasised that this did not mean the BoJ had

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