Ex-BOJ’s Momma: Central bank to keep easy monetary policy ‘for many quarters to come’

Dhwani Mehta FXStreet

The Bank of Japan (BOJ) will continue with its current monetary easing program “for many quarters to come” to ensure economic recovery and pursue a still remote target of sustainable 2% inflation, Kazuo Momma, a former top official in charge of monetary policy at the central bank, said in a Bloomberg TV interview on Monday.

Momma said, “there’s a good case for the BOJ to be sticking to the current yield curve control for the rest of this year or even after that.”

Market reaction

At the time of writing, USD/JPY has paused its rebound, now keeping its range near 135.10, down 0.06% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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