Japan's money printing slows as BOJ moves away from radical stimulus

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Japan's money printing slows as BOJ moves away from radical stimulus
France Dernières Nouvelles,France Actualités
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Barley Risotto and Kimchi: A Culinary Crossroads| SaltWire #food #cookingshorts #kimchiTOKYO - Japan's monetary base, or the amount of cash circulating in the economy, grew at the slowest annual pace in seven months in March, a sign the central bank was phasing out remnants of former Governor Haruhiko Kuroda's massive stimulus programme.

The readings follow an official end to the radical stimulus deployed by former BOJ chief Kuroda that sought to eradicate Japan's deflationary mindset with huge money printing and asset purchases. "The BOJ is still conducting the most powerful monetary easing policy in the world. It's also very cautious about raising interest rates or moving to quantitative tightening ," said Izuru Kato, chief economist at Totan Research.

But reducing the BOJ's balance sheet which, at 687 trillion yen exceeds the size of Japan's economy, won't be easy.

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