Nishimura on the BOJ's new policy framework

In the speech 'The new policy framework of the Bank of Japan: Central banking in an uncertain world' given on 27 June Kiyohiko Nishimura of the Bank of Japan said we are in the midst of fundamental uncertainty.

"After a decade of low inflation and stable growth, it now seems that the global economy is proceeding to a different stage, although its destination is still uncertain."

"Here we must distinguish two different kinds of uncertainty we now face. The first one, which is now familiar to all of

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