“A reduction in monetary easing as seen in other central banks won't be an option for Japan,” the Bank of Japan (BOJ) monetary policy board member Asahi Noguchi said in a statement on Thursday.
2% inflation target has been a high hurdle to achieve as it takes longer to meet than expected.
Still thinks it's possible to achieve 2% inflation target.
Policy mix of fiscal and monetary policies has achieved a certain success.
Expect to take a long time to achieve 2% inflation target, what's most important is to patiently continue current monetary easing.
USD/JPY is holding the higher ground, flirting with 113.50, up 0.23% on the day.