Japan Central Bank Statement

Author: IFLR Correspondent | Published: 24 Sep 2019

Over the past six years since the launch of large-scale monetary easing – quantitative and qualitative monetary easing (QQE) – the Bank of Japan has pursued powerful monetary easing to overcome deflation, dispel the deflationary mindset that has been deeply entrenched among firms and households, and achieve the price stability target of 2%. Japan's economic activity has improved significantly and the economy is no longer in deflation in the sense of a sustained decline in prices, although there is still a long way to go to achieve the 2% target. Therefore, the Bank of Japan has been...