Some analysts believe that the current policy will remain unchanged in line with the stance that was repeatedly emphasized by governor Kuroda. He has repeatedly stated that an extremely expansive monetary policy will continue until the inflation rate reaches the target of 2%. The current inflation rate in Japan is 0.9%, which remains well below the Bank of Japan target of 2.00%.
Nevertheless, Kuroda’s optimistic outlook on Japanese economic growth and the robust labor market had led many speculators to begin to believe that inflation in Japan will reach the target level of 2.00% before it expected that could also indicate the monetary authority to reduce its incentive program.

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