Bank of Japan Deputy Governor Masazumi Wakatabe has indicated that the Bank is considering mimicking the Fed’s new strategy regarding inflation and employment. He continued:
- The Bank is not yet formally considering setting a target for employment levels – but there is ‘room to consider’ it
- The Bank’s negative interest rate policy will continue for the time being.
- We must wait and see to gauge the impact of the Fed’s new strategy.
- The Bank’s inflation commitment to its 2% inflation target still stands.
