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BOJ holds policy review

06-14-2012 23:24 BJT

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Japan’s central bank, the Bank of Japan (BOJ) has started a two-day policy review and is widely expected to leave its policies unchanged until the Greek election finishes on Sunday.

The International Monetary Fund (IMF) said Tuesday the BOJ should pursue “powerful monetary easing” to increase the chance of meeting its 1% inflation goal by 2014. It also urged the BOJ to boost purchases of corporate bonds, equities, and highly-rated securitized loans to small- and medium-enterprises.

In addition, it called for the BOJ to broaden its asset-purchases to include Japanese government bonds of more than three years in maturity, as well as to be more publicly forthcoming with its asset purchases in an effort to raise inflation expectations.

Editor:Wang Shuo |Source: CNTV.CN

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