BOJ moving closer to its 2% inflation target
Monetary expansion employed to this end is likely to cause value of the yen to fall further
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Tokyo
THE Bank of Japan is edging closer towards achieving its target of 2 per cent annual inflation in consumer prices as 2013 draws to a close, official data published yesterday showed, and the monetary expansion being employed to this end is likely to result in further falls in the value of the yen.
At the same time, pressure on the Japanese central bank to bend its monetary policy towards meeting government-set targets for economic growth appears likely to intensify.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
