, BOJ keeps monetary policy unchanged in anticipation of new leadership
On the 7th of March, the Bank of Japan informed that it decided to keep monetary policy intact, yet the central bank upgraded assessments of the country’s economy. Keeping monetary decision intact was widely anticipated as the Bank of Japan has been living in anticipation of new leadership which is believed to introduce radical steps to end deflation. Masaaki Shirakawa, the outgoing governor of the BOJ, rejected suggestions for more drastic easing measures from two board members, thereby leaving space for new governor’s decisions.
