April 19, 2012 at 08:01 AM EDT
BOJ’s Shirakawa: Fully Committed To Asset Purchases To Meet 1% Inflation Target
Right, they’ve only been doing it for a couple of decades, monetary policy works with a lag… BOJ’s Shirakawa: Fully Committed To Asset Purchases To Meet 1% Inflation Target By Chana R. Schoenbergrand and Stephen L. Bernard April 18 (Dow Jones) — The Bank of Japan remains determined to purchase more assets to meet its [...]

Right, they’ve only been doing it for a couple of decades, monetary policy works with a lag…

BOJ’s Shirakawa: Fully Committed To Asset Purchases To Meet 1% Inflation Target

By Chana R. Schoenbergrand and Stephen L. Bernard

April 18 (Dow Jones) — The Bank of Japan remains determined to purchase more assets to meet its 1% inflation target, the central bank’s governor, Masaaki Shirakawa, said Wednesday night in New York.
“The Bank of Japan is fully committed to continuing powerful monetary easing through various measures, including maintaining the policy interest rate at practically zero and purchasing financial assets, until the current goal of year on year CPI inflation at 1% is deemed to be achievable,” Shirakawa said in his speech to the Foreign Policy Association.

But Shirakawa warned of the potential mismatch between what markets expect and what central banking policies can deliver.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here