BOJ Summary of Opinions – Appropriate to pursue powerful monetary easing
|Bank of Japan (BOJ) Summary of Opinions at the policy meeting on March 15 and 16, 2017 released this Monday morning says it is appropriate for the bank to pursue powerful monetary easing under the current guideline for market operations as there is still a long way to go to achieve the 2% inflation target.
Key points
Upward pressure on the long-term yields will strengthen as the underlying trend in inflation improves. It is necessary to start discussing the procedures for yield curve control in that situation.
The structural issues regarding employment, taxation and public finance and social security need to be addressed at the earliest possible time.
Rise in uncertainty due to growing tides of protectionism.
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