Tuesday 16 January 2018

Japan seeking to boost economy

Japan's PM Shinzo Abe wants the country's central bank to ease monetary policy
Japan's PM Shinzo Abe wants the country's central bank to ease monetary policy

Japan's central bank has wrapped up a policy meeting by pledging more aggressive action to boost the economy, including setting a 2% inflation target.

The Bank of Japan said it would conduct "open-ended" asset purchases to help achieve the goal of breaking out of a long spell of deflation.

Japan's prime minister Shinzo Abe has been lobbying the central bank to ease monetary policy further to help the recession-struck economy escape from years of falling prices known as deflation.

Press Association

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