Thursday, September 15, 2005

Bank of Japan close to tightening Monetary policy

The bank of Japan is very close to ending its ultra lose monetary policy its deputy governor said Thursday. Kazumasa Iwata the most dovish of the nine policy board members also stated that current policy would be maintained until deflationary expectations were eliminated. Toshikatsu Fukuma a more hawkish board member stated that the Bank of Japan was becoming more confident about an end to deflation saying that the end to the quantitative easing could come as early as next year. It seems the bank of Japan want to clearly send a message to that market (ala the Fed) what and when there next move will take place.


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