No Need for Further BOJ Easing

Japan Inc sees no need for an aggressive pursuit of a 2 percent inflation goal or additional monetary easing, a Reuters poll showed – a stance that supports the central bank’s recent softer tone on achieving its consumer price target in the near future.

Analysts, however, expect the Bank of Japan to embark on more stimulus later this year, topping up its latest round launched in October, to support economic growth and ensure rises in inflation, a separate Reuters poll showed this month.

Seeking to wrench the country out of nearly two decades of deflation, BOJ Governor Haruhiko Kuroda unleashed an unprecedented burst of monetary stimulus in April 2013, saying the aim was to achieve 2 percent inflation in roughly two years. But last month he declared the timeframe was not set in stone and noted that a steep slide in oil prices had derailed earlier expectations.

CNBC

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