Latest News

Dow Jones Newswires: BOJ board member Adachi rejects tightening speculation


Bank of Japan policy board member Seiji Adachi rejected some speculation in the markets that the bank may follow other global central banks in tightening monetary policy to avoid further falls in the yen.

“If the bank uses monetary policy to respond to short-term fluctuations [in the foreign exchange market] before achieving its goal for underlying inflation, it would bring negative effects on the Japanese economy,” Adachi said in a speech on Thursday.

Tightening monetary policy at this stage could increase the debt burden for companies and households, which in turn could make them hesitant to spend, Adachi said.

He added that the BOJ will continue with its current easing policy, as annual inflation, excluding volatile factors such as higher energy costs, is still around 1%–half of the bank’s target.

Earnings Results: HPE stock dives after earnings and sales miss amid ‘inflationary environment and ongoing supply-chain disruptions’

Previous article

Tax Guy: My house was damaged by a natural disaster. Can I deduct my casualty loss?

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News