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BoJ to adjust balance sheet when inflation reaches 2%

BoJ to adjust balance sheet when inflation reaches 2%

Mubasher: Bank of Japan (BoJ) Governor Haruhiko Kuroda on Wednesday said that the central bank would maintain its large-scale monetary easing policy, according to Reuters.

The BoJ’s governor said that monetary easing is geared towards reaching its inflationary target of 2%.

Speaking in the parliament’s upper house budget committee, Kuroda said that the bank would adjust its swelling balance sheet, when the price goal is attained.

Previously, said he is “more positive” about the idea of additional monetary easing than he was after the BoJ’s policy meeting in July, pointing to mounting risks to the global economy.

At its latest policy meeting, the BoJ held its main short-term interest rate unchanged at -0.1%, while keeping the target for the 10-year Japanese government bond yield at nearly zero.