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Statement by Minister Aso on the Bank of Japan's decision at the monetary policy meeting

July 29, 2016


Statement by Finance Minister Aso 

    Today, the Bank of Japan decided to take additional monetary easing measures at the monetary policy meeting.
    The government regards the Bank of Japan's measures decided at this meeting as necessary for achieving the price stability target in light of the uncertainty in the global economy and the global financial market, and welcomes this decision.
    The government continues to expect the Bank of Japan to work toward achieving the price stability target in light of economic activity and prices.
    The government is now at the final stage of formulating the comprehensive and bold economic stimulus package, proceeding with its deliberation.
    In order to overcome deflation and achieve sustainable economic growth, all the policies of monetary policy, fiscal policy and structural reform should be continuously mobilized in close cooperation with the Bank of Japan.