September Meeting: Bank and Future Option

september meeting: Haruhiko Kuroda tenure, which ends in April 2018, according to The Japan Times. Such moves have prompted many BOJ watchers to believe that the bank is unlikely to carry out additional monetary easing measures for the time being, as it appears to have finished preparing for a long-term battle to attain the inflation goal. The bank decided at its September meeting to shift its policy target to the yield curve instead of quantitative easing, while effectively giving up achieving its 2 percent inflation goal during Gov. We see a high likelihood that the BOJ will continue to preserve further monetary easing as a future option barring any major market shocks, such as a surge in the yen value, said Naohiko Baba, chief economist at Goldman Sachs Japan Co. The bank has already pushed back the time frame four times since he took office in 2013. Last week, Kuroda signaled that the BOJ will push back the time frame for hitting the inflation goal to sometime in or after fiscal 2018 from sometime in fiscal 2017. (news.financializer.com). As reported in the news.