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Bank of Japan Monetary Policy Meeting Bold easing of monetary policy
The Bank of Japan (BOJ) held its first monetary policy meeting since Governor Kuroda took office on April 4, and decided to introduce "quantitative and qualitative monetary easing" as a new framework for monetary easing. The Bank of Japan will take bold steps to ease monetary policy, including doubling the monetary base (money supply) in two years, in order to achieve the 2% price target in about two years. Governor Haruhiko Kuroda speaks at a press conference after the Monetary Policy Meeting on the afternoon of April 4, 2013, at the Bank of Japan Head Office in Chuo-ku, Tokyo.
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05-04-2013
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