BoJ's Fukui on quantitative easing

In a speech given on 1 June Toshihiko Fukui of the Bank of Japan said the central bank's quantitative easing policy, which lasted for nearly five years till March 2006, helped in bringing recovery back to the deflation-hit Japanese economy.

While speaking at an international conference, Fukui noted that the quantitative easing policy returned stability to the nation's banking system.

"The accommodative environment contributed finally to putting the economy back onto a solid recovery path. The year

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