Following the Bank of Japan's first historic interest rate hike at the March policy meeting, BoJGovernor KazuoUedais addressing a post-policy meeting press conference on Tuesday. Additional quotes Likelihood of achieving 2.0% inflation target is still not 100% but it's rising. Stock effect of BoJ’s JGB holdings on long-term rates cannot be ignored. But we will not use JGB buying operations, balance adjustment as proactive monetary policy tool.
Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%. What has been the Bank of Japan’s policy? The Bank of Japan has embarked in an ultra-loose monetary policy since 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment.
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