You are here

BOJ 'not sounding a retreat from monetary easing'

Deputy governor, economy minister defend central bank's policies after its Policy Board disappoints markets

BT_20160805_ARBOJ5_2423156.jpg
The BOJ has been expanding Japan's monetary base at a rate of 80 trillion yen a year but this has resulted chiefly in a huge build of commercial bank reserves at the central bank.

Tokyo

MARKET speculation about a possible back-pedalling of aggressive monetary easing in Japan as fiscal policy comes to the fore was quashed on Thursday by Bank of Japan (BOJ) deputy governor Kikuo Iwata and the country's minister responsible for economic affairs, Nobutero Ishihara, as