BoJ rejects immediate shift to radical easing


The last monetary policy meeting of Masaaki Shirakawa's tenure as governor of the Bank of Japan (BoJ) ended in a vote for no change in current monetary policy, with the majority rejecting two proposals from board members to step up its efforts to raise inflation towards a 2% per annum target.

In its statement on monetary policy, the BoJ said it will "encourage the uncollateralised overnight call rate to remain at around 0 to 0.1%", adding it will keep the interest rate at "virtually zero" as

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

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 individual account here: