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On Wednesday, Bank of Japan board member Makoto Sakurai heavily criticized the need for extra monetary easing, telling that the major financial institution doesn’t require unnecessary steps for the purpose of accelerating the timing of its 2% inflation objective.
His comments sharply contrast with those of another board member at the BOJ's September gathering, who backed stronger measures to enable consumer prices reach the major bank's 2% objective.
Sakurai actually considers the BOJ’s current policy with yield curve control to be effective enough.
Japan’s major financial institution has had to push back the timing just to meet its price objective up to six times since it started its ambitious stimulus program in 2013.
The BOJ currently hopes consumer inflation will meet the 2% objective by March 2020. However, core consumer prices went up only 0.7% year-on-year in August.
In December, new orders for major American capital goods suddenly slumped in the face of decreasing demand for machinery as well as primary metals, indicating a sustained deceleration in business spending on equipment, which could further impact economic…
American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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