BoJ does not need to tighten policy – deputy governor
Masayoshi Amamiya says Japan is facing a unique inflation situation
Many advanced economy central banks are considering tighter monetary policies, but Japan does not need to follow them, Masayoshi Amamiya said on December 8.
The Bank of Japan deputy governor noted central banks in Europe and the US face a “difficult choice” in determining whether to “reduce monetary accommodation”. But he said that, given recent inflation developments in Japan, “I think it makes sense that the [BoJ] does not actually need to adjust its large-scale monetary easing at present”.
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