26 ottobre 2012 / 02:22 / tra 5 anni

Japan economy minister keeps up pressure on BOJ

TOKYO (Reuters) - Japanese Economics Minister Seiji Maehara said on Friday he wanted to ask the central bank to pursue powerful monetary easing as the country remained in mild deflation.

<p>Japan's Economics Minister Seiji Maehara arrives at Prime Minister Yoshihiko Noda's official residence for an extraordinary cabinet meeting in Tokyo October 17, 2012. REUTERS/Kim Kyung-Hoon</p>

“Central banks around the world are easing monetary policy. The BOJ itself set a 1 percent inflation goal in February but that hasn’t been achieved,” Maehara told a news conference after a cabinet meeting.

The BOJ is expected to ease policy next week by expanding asset purchases and may make a stronger commitment to continue pumping cash until 1 percent inflation is achieved, sources say, as slumping exports heighten pressure for bolder action to support an economy on the verge of recession.

Reporting by Leika Kihara; Editing by Michael Watson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below