BOJ Kuroda Calls for a Loose Monetary Policy

Japan’s central bank has to sustain the ultra-loose monetary policy, as the current progress is still far from the two percent target, according to the governor of Bank of Japan, Haruhiko Kuroda.

Also, he added that the extended easing program of the country has induced excessive risk-taking of investors, which adds pressure to the regional banks aside from the problem of aging population.

Nevertheless, it is still necessary to reach the two percent inflation target. He reasoned out that a slow but strong monetary easing has to be continued since the inflation target is still far.