Japan industry minister: BOJ's policy aimed at 'buying time' will eventually end

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TOKYO (Reuters) - The Bank of Japan's ultra-loose monetary policy, which was aimed at

"buying time" to push through structural reforms, will eventually end as inflation accelerates, Japanese industry"buying time" to push through structural reforms, will eventually end as inflation accelerates, Japanese industry minister Yasutoshi Nishimura said on Tuesday.

"The BOJ is sustaining monetary easing since various events occurred such as the COVID-19 pandemic and Russia's invasion of Ukraine," Nishimura told a regular post-cabinet news conference. "But inflation is now accelerating. Given what's happening across the globe, policy aimed at buying time will eventually end and normalise," he said.

 

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