New BoJ governor announces monetary policy review

Bank of Japan keeps ultra-loose policy unchanged at Ueda’s first policy meeting

Bank of Japan

The Bank of Japan kept its ultra-loose monetary policy unchanged at governor Kazuo Ueda’s first policy meeting today, but announced a comprehensive review of its monetary policy.

In its monetary policy statement today (April 28), the BoJ said it will undertake a broad perspective review, which will last for around 12 to 18 months.

“Since the late 1990s, when Japan’s economy fell into deflation, achieving price stability has been a challenge for a long period of 25 years,” the BoJ said. “During

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