Even as it tapers, BOJ invents new weapon to stimulate growth

Even as it tapers, BOJ invents new weapon to stimulate growth

The Edge Markets - World·2021-04-07 15:09

TOKYO (April 7): A largely overlooked scheme created by the Bank of Japan (BOJ) to mitigate the drawbacks of its massive stimulus programme may become the central bank's new weapon to stimulate the economy, sources familiar with its thinking said.

The key takeaways from a policy review last month were steps to tiptoe away from a radical monetary experiment that has sought, but failed, to fire up inflation through decades of heavy money printing.

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