business

BOJ to explore better ways to hit price goal; extends fund scheme

7 Comments
By Leika Kihara and Kaori Kaneko

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7 Comments
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though the third wave of infections is dampening prospects for a strong revival.

How about opening the economy up to overseas tourism next summer. Maybe a major sporting event?

-1 ( +1 / -2 )

No more juice left in the monetary policy tank. Fiscal stimulus incoming.

0 ( +1 / -1 )

The surprise move underscores the growing concern among BOJ policymakers over the diminishing return and rising cost of prolonged easing such as the hit to bank profits from years of ultra-low rates, analysts say. In this year of untold suffering it is enlightening to see the hit to bank profits is at the forefront of policy-maker's minds.

0 ( +1 / -1 )

I can't believe these people.

The pandemic is destroying small businesses; people are out of work; everybody is pinching pennies whenever they can... and these out-of-touch aristocrats want to cause inflation and increase prices even further!?

You want to lower interest rates so that people can borrow to get their businesses started, great. But this 2% price goal (which means a 2% rise in consumer prices every single year; far worse than the one-time increase like we suffered with the consumption tax hike) is a disaster for working people and only benefits the indebted government, who can devalue the debts it has run up, mostly to its own loyal people who invested in government bonds. Despicable.

4 ( +4 / -0 )

To me not good suggestions.

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No more juice left in the monetary policy tank. 

People, including those who should now better, have been saying this for years, and every time, the BOJ surprises them and comes out with something new.

They've failed to do this for nearly 20 years. 

You need to imagine what would have happened if they kept policy tight over the last 20 years. Would not have been pretty .

-2 ( +1 / -3 )

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