BoJ to continue easing until it hits 1% inflation goal

bank-of-japan

The Bank of Japan's (BoJ) policy board voted unanimously on March 13 to increase its cheap lending facility by ¥2 trillion ($24.2 billion) to ¥5.5 trillion while leaving its benchmark uncollateralised overnight call rate in a range of between 0.0–0.1%.

The BoJ says it plans to put in place the required ‘easing' policies required to achieve an inflation target of 1%, according to a statement on monetary policy released today. However, the committee voted 8:1 against a proposal by board member

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