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The Bank's semiannual report on currency and monetary control

· Haruhiko Kuroda, Governor of the Bank of Japan (Japan)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability

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· Haruhiko Kuroda Wiki · Bank of Japan WikiThe Bank's semiannual report on currency and monetary control

ContextStatement before the House of Representatives' financial affairs committee on the bank's semiannual report; the Bank of Japan pursues price stability and must explain its policy to parliament.

Why it mattersKuroda tells parliament easing continues.

Problems raised
  1. Japan's recovery is incomplete.
  2. Inflation expectations are low.
  3. Output gap is negative.
Solutions proposed
  1. Continue monetary easing.
  2. Improve the output gap.
  3. Report to the Diet.
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