NAGASAKI, Japan, Oct 3 (Reuters) - Asahi Noguchi, a board member of the Bank of Japan, emphasized the necessity of maintaining a loose monetary policy during a speech to business leaders in Nagasaki. He stated that it will take time to change the public's perception regarding inflation, asserting that the central bank's approach is crucial for stabilizing the economy.
The comments come as Japan grapples with rising prices, a shift from its long-standing deflationary environment. Noguchi's remarks highlight the ongoing challenges the central bank faces in steering public expectations and ensuring economic recovery.
The implications of this policy extend beyond Japan, as global markets are closely monitoring Japan's economic strategies, especially given the interconnected nature of international finance. Investors and policymakers worldwide are keenly interested in how Japan's approach to inflation may influence global economic trends.
Source: Reuters, October 3, 2024.