Welcome

BOJ Is Said to See No Change in Policy Stance as Abe Quits (1)

Aug. 28, 2020, 10:53 AM

The Bank of Japan will continue with its current monetary easing to meet its objectives, making no immediate changes, despite Prime Minister Shinzo Abe’s resignation, according to people familiar with the matter.

The central bank must continue with its aggressive monetary stimulus in order to try to meet its distant 2% inflation target, while now needing to focus on providing adequate funding for companies and maintaining stability in financial markets amid the pandemic, according to the people.

Read More: Japan’s Longest-Serving Premier Abe Resigns Due to Health

Governor Haruhiko Kuroda is planning to fulfill his term until 2023, even...

To read the full article log in.

Learn more about a Bloomberg Law subscription.