• Kyodo


Bank of Japan Deputy Gov. Masazumi Wakatabe said Wednesday the review of the BOJ’s policy tools for release in March is not aimed at reducing monetary easing but to respond quickly to future shocks to the economy.

Wakatabe told business leaders from Kanagawa Prefecture near Tokyo in an online meeting that economic activity and prices will face downward pressure “for a prolonged period” due to the coronavirus pandemic, but brushed off concern that Japan will return to deflation.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.