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Economy

46% in Japan want BOJ to halt ultraloose policy: Nikkei poll

PM Kishida's approval rating falls sharply as inflation bites households

The Japanese yen recently hit a 24-year low against the dollar.    © Reuters

TOKYO -- Nearly a majority of the Japanese public thinks the Bank of Japan should cease its ultraloose monetary policy, Nikkei has learned in its latest survey, as 46% wish for the policy to end while 36% favor the BOJ maintaining its approach.

The central bank decided Friday to continue pushing its ultraloose policy after a two-day meeting of policy board members. The BOJ's long-held stance is intended to support the economy, but the widening gap between Japan's low interest rates and those in the U.S. and Europe has driven the yen to a 24-year low.

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