BOJ bids final farewell radical policy experiment

Quick Summary:

Upon taking office in April 2023, Mr Ueda launched the review to analyse the pros and cons of various unconventional tools used during the bank’s 25-year battle with deflation.

It was a turnaround from the view of Mr Kuroda’s predecessors that monetary policy had little power to influence public perceptions, and only through government and private-sector efforts could Japan emerge from deflation.

The idea was that by combining a pledge to do whatever it takes to prop up inflation with bold monetary easing, the BOJ could shock the public out of a deflationary mindset and change public perceptions of future price moves.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanMali

Topics: Policies Stimulus Public Cent Easing Policy Review Inflation Monetary Kuroda’s Boj’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 13:55:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 803 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24565679

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