There are reports that Bank of Japan (BoJ) governors are considering changing certain key aspects of their monetary policy.
Since 2013, the bank has used a host of unconventional measures to spur inflation to the 2 per cent target – to little avail. Inflation in Japan hasn’t met the 2 per cent level since 2015, and has largely been at or around the zero mark for the past few years.
Recent data has also been disappointing, with June’s core price inflation coming in at 0.7 per cent, below expectations for the third successive month. Excluding food and energy, prices in Japan rose just 0.2 per cent.
