Bank of Japan launches policy review as deflation worsens

BoJ considers further monetary easing and extends special loan programmes

Haruhiko Kuroda
Haruhiko Kuroda
European Central Bank

The Bank of Japan (BoJ) has launched a review of its ultra-easy monetary policy for the first time since 2016, as data showed inflation might take even longer to hit the central bank’s 2% target.

Economic activity and prices have remained under prolonged downward pressure due to the impact of Covid-19. In this situation, there is a need to support the economy and thereby achieve the price stability target of 2%, the BoJ said in a statement on December 18.

Governor Haruhiko Kuroda announced the

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