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BOJ Playing Monetary Policy Jenga

William Pesek, Columnist, Nikkei Asia

16-Feb-23 08:30

BOJ Playing Monetary Policy Jenga

The Japanese economy averted recession in  the fourth quarter of 2022, expanding by an annualised 0.6%, but this was much smaller than the median forecast of 2% GDP growth. The latest data point to the challenge for incoming Bank of Japan governor, Kazuo Ueda, in normalising the bank’s ultra-loose policy without derailing the fragile economic recovery. What options does the Japanese central bank and government have to navigate the delicate policy tightrope? Tokyo-based journalist William Pesek shares his insights.

Image credit: Saranya Phu akat

Produced by: Shazana Mokhtar

Presented by: Shazana Mokhtar, Wong Shou Ning, Chong Tjen San

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Categories:  economyinternational

Tags:  bank of japanmonetary policyjapanese economy

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