BoJ loosens in bid to appease government

bank-of-japan

The Bank of Japan (BoJ) bowed to political pressure on Tuesday, loosening monetary policy in a bid to temper relations with the ruling Democratic Party of Japan.

The central bank, which has come under fire as perceptions persist that it is keen to tighten policy, introduced a new open market operation at an unscheduled meeting.

The central bank said the operation, which will provide three-month loans at the 0.1% policy rate, would "encourage a further decline in longer-term interest rates in the

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: