BoJ’s Shirai says Japanese forward guidance is different from BoE and Fed's
The Bank of Japan's (BoJ) forward guidance has important differences to that employed by other central banks, according to Sayuri Shirai, a member of the BoJ's policy board.
Speaking at both the International Monetary Fund and the Federal Reserve in Washington, DC, Shirai explained the Bank of Japan's guidance was a two-stage process, first to signal the BoJ's "strong determination" to reach its 2% target and second to stress that asset purchases will continue until prices "stabilise around" the
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