BOJ's Nakamura - says the Bank must patiently maintain powerful monetary easing

Bank of Japan policy board member Toyoaki Nakamura

• Japan's economy picking up as the impact of the pandemic subsides
• Japan's economy is likely to recover as the impact of the pandemic, supply constraints ease
• Japan's consumer inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is likely to accelerate on boost from energy and fuel costs, but narrow the pace of increase thereafter
• BOJ must patiently maintain powerful monetary easing
• Tightening monetary policy when the output gap remains negative would weigh heavily on the economic activities of households, companies
• When prices are rising sharply due to cost-push factors, targeted policy response, rather than a monetary policy shift that curbs demand, is more effective

Headlines via Reuters