The Bank of Japan (BOJ) will continue with its current monetary easing program “for many quarters to come” to ensure economic recovery and pursue a still remote target of sustainable 2% inflation, Kazuo Momma, a former top official in charge of monetary policy at the central bank, said in a Bloomberg TV interview on Monday. 

Momma said, “there’s a good case for the BOJ to be sticking to the current yield curve control for the rest of this year or even after that.”

Market reaction

At the time of writing, USD/JPY has paused its rebound, now keeping its range near 135.10, down 0.06% on the day.