April 2, 2024Business Desk

Japan's monetary base growth slows as BOJ shifts from radical stimulus

The Bank of Japan seems to be phasing out its massive stimulus programme, with analysts predicting a further slowdown in cash circulation.

Source: Pexels

BOJ data showed a modest 1.6% year-on-year increase in March, the fifth consecutive month of deceleration and the smallest rise since August last year.

Source: Pexels

The central bank terminated 8 years of negative interest rates and other unconventional policies, shifting focus from reflating growth with massive monetary stimulus.

Source: Pexels

BOJ Governor Ueda hinted at reducing bond purchases and transitioning to market-driven long-term interest rates.

Source: Pexels