Japan is nearing the phase where its monetary policy easing can be stopped, its minister for trade and industry said on Wednesday (Jan 18), hours after the Bank of Japan (BOJ) maintained ultra-low inte
"Of course, monetary policy is going to be normalized in the future but until we can see a clear path in the future, I understand the BOJ is going to maintain its current policy," Minister of Economy, Trade and Industry Yasutoshi Nishimura told a panel at the World Economic Forum's annual meeting in Davos.
"But from now on, when real investment is made and wages increase and the economy gets going ... monetary easing can afford to be stopped in the future. We are of course coming to that phase, nearing that phase," Nishimura added. Following the decision Bank of Japan Governor Haruhiko Kuroda said in Tokyo that a path is becoming visible in which both wages and prices are gradually rising, stressing the importance of encouraging companies to raise pay.
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Davos 2023: Japan nearing phase where monetary easing can end -trade ministerJapan is nearing the phase where its monetary policy easing can be stopped, its minister for trade and industry said on Wednesday, hours after the Bank of Japan (BOJ) maintained ultra-low interest rates. 'Of course, monetary policy is going to be normalized in the future but until we can see a clear path
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