BOJ’s Amamiya: March review will aim to make policy sustainable during normal periods

The Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said that the purpose of the March review is to ensure that the central bank can act effectively and timely to economic changes while speaking in a scheduled appearance on Monday.

Additional comments

March review will aim to make BOJ’s policy sustainable during normal periods.

BOJ must lower cost of policy by heightening sustainability of framework.

Fed’s adoption of make-up strategy on its inflation target is in line with that of the BOJ.

Under YCC, Japan’s nominal interest rate has been kept very low even as overseas yields rose.

Expects coronavirus to exert downward pressure on economy, prices for a long period of time.

Japan’s low real interest rate has improved financial environment.