- Specific monetary policy tools are up to the BOJ to decide
- That includes yield curve control, negative rates, ETF purchases
- Will appoint next BOJ governor at the end of Kuroda’s term on 8 April
- Decision on next BOJ governor will be made while watching future economic trends
- Premature to talk about revision to joint statement between BOJ and government, since next BOJ governor has not been decided
If they were adamant about maintaining the current policy stance, it will not be surprising to see Japanese officials come out to say that nothing will change even with the new BOJ
BOJ
The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ’s main responsibilities include issuing and managing the country’s currency, implementing monetary policy, and ensuring the stability of the financial system. It also acts as a lender of last resort to banks during times of financial crisis. The BOJ sets the interest rate of the country and sets an inflation target, aiming to achieve 2% inflation.The BoO has a long history, with
The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ’s main responsibilities include issuing and managing the country’s currency, implementing monetary policy, and ensuring the stability of the financial system. It also acts as a lender of last resort to banks during times of financial crisis. The BOJ sets the interest rate of the country and sets an inflation target, aiming to achieve 2% inflation.The BoO has a long history, with
Read this Term governor. Instead, we are hearing this sort of “I don’t know” talk and that’s arguably a hint to markets that there is a shift in thinking in the background surely.
