FXstreet.com (Barcelona) - In an Kyodo article over the weekend, Koichi Hamada, close economic adviser to Japanese Prime Minister Shinzo Abe, has stated that, if the BoJ continues to expand its powerful easing policies, the 2% inflation goal should start to produce positive results in the next 6 t 12 months.
Furthermore, following Abe's posture to revise the BOJ law in order for the government to play a greater role on setting monetary goals, Hamada appeared kind to the idea. The economic adviser aims at limiting the central bank's power to fiscal policies.
From the Japanese Times: “If it continues to implement policies that do not disappoint the public’s expectations, it will yield some results in six months to a year,” said Hamada, adding it is not very difficult for the BOJ to achieve the target.
Furthermore, following Abe's posture to revise the BOJ law in order for the government to play a greater role on setting monetary goals, Hamada appeared kind to the idea. The economic adviser aims at limiting the central bank's power to fiscal policies.
From the Japanese Times: “If it continues to implement policies that do not disappoint the public’s expectations, it will yield some results in six months to a year,” said Hamada, adding it is not very difficult for the BOJ to achieve the target.
