BOJ Board Member Suggests Riskier-Asset Buys

The Bank of Japan could additionally ease monetary policy to boost the country’s economy through further purchases of riskier assets under its current program, one of the central bank’s policymakers said, Kyodo News reported.

Takahide Kiuchi, who assumed one of the nine seats on the BOJ’s decision-setting Policy Board in July, also said he would not exclude the possibility that the bank may lower its inflation forecasts in an upcoming economic outlook report.

The comments could add to the view that the BOJ will continue to step up its battle against Japan’s chronic deflation, even after it surprised financial markets last week by downgrading its economic view and implementing fresh monetary easing.

Via –Nasdaq

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.