TOE Alert: Cabinet Office Admits BOJ won't Make 2% Inflation Goal in FY 2015
posted by Richard Katz on January 14, 2015
Found in Japan, categorized in Monetary Policy
BOJ pulling out all the stops, sending interest rates to the floor—and below—with slightly negative rates on JGBs ranging from 1 to 4 years in maturity.
The Bank of Japan (BOJ) is pulling out all the stops in order to make good on its promise of achieving 2% inflation toward the latter half of fiscal 2015 (which ends April 2016).