Economics
Suga to Help Bank of Japan Tiptoe Away From Inflation at Any Cost
- Helping companies, aiding economy seen as bigger priorities
- New prime minister’s travel campaign pushes inflation negative
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The arrival of Prime Minister Yoshihide Suga is set to allow the central bank to take an even longer-term view on achieving a price goal, which was once seen as a quick two-year mission.
By refraining from additional easing even with prices forecast to keep falling, the BOJ showed again at Thursday’s policy meeting that inflation no longer monopolizes its attention as it tries to keep companies afloat and get the economy back on its feet.