RTTNews reports that the Bank of Japan said it is set to assess the sustainability of monetary easing policy.

As economic activity and prices have remained under prolonged downward pressure, there is a need to support the economy and thereby achieve the price stability target of 2 percent, the bank said.

The bank viewed that there is no need to change the framework of "QQE with Yield Curve Control". The bank is set to announce its findings at the March 2021 meeting.

The announcement came after the official data showed that core consumer prices fell 0.9 percent in November, which was the fastest in more than a decade.