Bank of Japan is ready for new monetary easing

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Source: Reuters
The Bank of Japan reported that it is ready for more accommodative policy to boost economic activity and avoid deflation. It is necessary to readjust monetary policy to speed up sluggish recovery and increase further growth potential for curbing deflation, said Kiyohiko Nishimura from the BoJ. The Bank of Japan has to make efforts to achieve its target inflation rate of 1%, he added. The monetary easing is likely to include bond purchases and more effective loan programme.


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