TOKYO -- The Bank of Japan has reviewed the monetary easing policy it has pursued since 2013 and changed its policy framework from emphasizing the quantity of monetary base to emphasizing interest rates. The Nikkei asked University of Tokyo Prof. Kazuo Ueda, a former member of the BOJ Policy Board, how he perceives the policy change as it remains uncertain when the bank will be able to achieve its inflation target.
Q: The BOJ has introduced a new policy framework, in which it aims to control mainly short- and long-term interest rates.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.