World Economy

Warning Over Further BoJ Easing

Warning Over Further BoJ EasingWarning Over Further BoJ Easing

Japan Finance Minister Taro Aso voiced caution about the merits of further stimulus by the Bank of Japan, saying that monetary policy alone could not achieve its 2% inflation target, NewsNow reported. Aso’s remarks came amid speculation that the BoJ may embark on a fresh round of quantitative easing at its policy meeting on Oct. 30 in a bid to nudge inflation up toward the target next year. “There’s limit to what monetary policy can do to boost prices,” Aso told reporters on Friday after a cabinet meeting. “In the current situation, it is hard to hit the original aim with the BOJ’s monetary easing alone.”