Boj Message: Boj and Government

boj message: The BOJ message was that it is now up to the Abe government to do more, according to Shirai, whose term on the bank Policy Board ended in March, according to The Japan Times. The BOJ sent a signal that the BOJ has done everything they could and already achieved very accommodative monetary environment and it now time for the government to do something to increase aggregate demand, Shirai, a Tokyo-based professor of economics at Keio University, said in an interview Wednesday. Government stimulus, along with highly accommodative financial conditions, would support growth in the economy at a rate likely to be above its potential through March 2019, the central bank said Tuesday in its quarterly outlook report. Many economists interpreted a BOJ policy shift in September as preparation for a sustained fight to generate inflation. Now the focus is turning to fiscal policy. Shirai said the bank would maintain the status quo on policy unless the yen surges or economic data deteriorate. (news.financializer.com). As reported in the news.