日本Merkez Bankası官员：日本Merkez Bankası正努力推动政策正常化

Gate.io Data, October 16th News, Bank of Japan Monetary Policy Committee member Masaki Ando said in a speech that at the meeting in March of this year, the Bank of Japan decided to cancel the negative interest rate policy and getiri eğrisi control (YCC), and to use short-term interest rate operations as the main policy tool. In addition, at the July meeting, the Bank of Japan raised interest rates and gradually reduced the purchase of long-term government bonds. Through these measures, the Bank of Japan is working to achieve the 2% “price stability target” and promote policy normalization. Some people may question the current state of the policy, whether the normalization process has started too early, and whether there is a risk of falling back into deflation. I believe that the conditions for entering policy normalization are already in place. These conditions include: First, the year-on-year distribution of prices in various categories of CPI no longer shows the characteristics of a deflation period; second, the CPI level has exceeded the peak before the deflation period. However, in the process of moving towards normalization, it is also necessary to be cautious to avoid any drastic policy changes that may lead to a renewed expectation of deflation in the market. Therefore, I believe that adopting a gradual rate hike is appropriate.