BOJ's Wakatabe: Stimulus will be maintained as long as needed

Omkar Godbole FXStreet Contributor

Bank of Japan (BOJ) will maintain the ultra-easy monetary policy as long as needed to achieve the 2% inflation target, board member Wakatabe said on Thursday.

Wakatabe further stressed that the normalization of policy is unlikely unless the economy and prices return to a normal state.

Key quotes (Source: Reuters)

Japan's economy likely to expand moderately as a trend as overseas growth likely to pick up somewhat.
If QQE was not put in place Japan's economy would not have achieved the state where it was no longer in deflation.
QQE had a strong stimulus effect on the economy and prices.
The planned sales tax hike could exert downward pressure on both the economy and prices.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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