Moody's: Bank of Japan policy revision will only lead to minor changes
According to Moody's Analytics, the revision of the Bank of Japan (BOJ) policy under a new governor is likely to result in minor adjustments to the Central Bank policy.
Stefan Angrik, senior economist at Moody's Analytics Japan, said that adjustments to improve policy sustainability could come from an assessment of the BOJ policy. However, in his opinion, there are too many variables that could derail plans for a clear shift towards tightening.
Inflation is at its highest level in four decades and is expected to accelerate in the future. Bank of Japan Governor Haruhiko Kuroda is set to resign in April. These facts cause speculation about the likelihood of revision and change in the BOJ policy.
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