TOKYO : Bank of Japan Governor Kazuo Ueda said the central bank did not have a set time frame for achieving its 2 per cent inflation target due to uncertainty over the price outlook.Ueda's approach contrasts with that of his predecessor Haruhiko Kuroda, who deployed in 2013 a massive asset-buying programm
TOKYO : Bank of Japan Governor Kazuo Ueda said the central bank did not have a set time frame for achieving its 2 per cent inflation target due to uncertainty over the price outlook.
"The time it takes for the impact of monetary policy to appear on the economy could move around a lot depending on circumstances. We therefore do not have any time frame in mind," Ueda said on Friday. "We are conducting the purchases as part of our massive monetary easing programme. Given it will take more time to achieve our price target, we will maintain the easy policy," he said, when asked by an opposition lawmaker on the likelihood of selling the BOJ's holdings.
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