BOJ Shirakawa: Markets expect easing until price target near

NAGOYA, Japan Mon Nov 26, 2012 10:56am IST

Bank of Japan Governor Masaaki Shirakawa leaves a news conference in Tokyo November 20, 2012. REUTERS/Yuriko Nakao

Bank of Japan Governor Masaaki Shirakawa leaves a news conference in Tokyo November 20, 2012.

Credit: Reuters/Yuriko Nakao

Related Topics

Stocks

   

NAGOYA, Japan (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Monday that markets are already pricing in expectations that the central bank will continue its powerful monetary easing until 1 pct inflation is foreseen.

Shirakawa made the remark when asked about the minutes of the BOJ's October 30 meeting, released earlier on Monday, which showed that two newcomers on its board proposed strengthening its commitment to an easy monetary policy by changing the language on rising prices in its policy pledge.

"Japan's consumer inflation may gradually exceed 1 percent if government and private-sector efforts to boost Japan's growth potential bear fruit," Shirakawa told a news conference after meeting business leaders in Nagoya in the central Japan prefecture of Aichi, home to automobile giant Toyota Motor Corp (7203.T).

The BOJ kept monetary policy steady last week after having eased for the second straight month in October, preferring to save its limited options for now as political pressure for bolder monetary expansion heightens after a general election in December.

(Reporting by Leika Kihara; Editing by Michael Watson)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

School Shooting

School Shooting

Two killed, four wounded in Washington state school shooting.  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage