1 CONSTRUCTION OF GASHUUNSUKHAIT–GANTSMOD PORT RAILWAY BEGINS WWW.GOGO.MN PUBLISHED:2025/06/16      2 EVERYONE’S FRIEND: HOW MONGOLIA STAYS ON GOOD TERMS WITH RUSSIA, CHINA AND WESTERN POWERS WWW.IRISHTIMES.COM PUBLISHED:2025/06/16      3 RECONSTRUCTION OF KHARKHORIN CITY BEGINS WWW.MONTSAME.MN PUBLISHED:2025/06/16      4 MONGOLIA PICKS REFORMER TO LEAD CABINET AFTER FORMER PM EXITS IN SCANDAL WWW.MSN.COM PUBLISHED:2025/06/16      5 MONGOLIA'S CENTRAL BANK KEEPS BENCHMARK INTEREST RATE UNCHANGED AT 12 PCT WWW.XINHUANET.COM PUBLISHED:2025/06/16      6 KHAAN QUEST 2025 INT'L PEACEKEEPING EXERCISE KICKS OFF IN MONGOLIA WWW.XINHUANET.COM PUBLISHED:2025/06/16      7 MONGOLIA AND RUSSIA JOINTLY DEVELOP E-COMMERCE AND LOGISTICS AS FREE TRADE AGREEMENT NEARS WWW.RUSSIASPIVOTTOASIA.COM  PUBLISHED:2025/06/16      8 ZANDANSHATAR GOMBOJAV APPOINTED AS PRIME MINISTER OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/06/13      9 WHAT MONGOLIA’S NEW PRIME MINISTER MEANS FOR ITS DEMOCRACY WWW.TIME.COM PUBLISHED:2025/06/13      10 ULAANBAATAR DIALOGUE SHOWS MONGOLIA’S FOREIGN POLICY CONTINUITY AMID POLITICAL UNREST WWW.THEDIPLOMAT.COM PUBLISHED:2025/06/13      THETIMES.COM ДЭЭРХ "В.ПУТИНИЙ ХАМСААТАН ЕРӨНХИЙЛӨГЧ НЬ ЕРӨНХИЙ САЙДАА ОГЦРУУЛЛАА" ГЭСЭН НИЙТЛЭЛ ЗАХИАЛГАТ БАЙВ УУ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/16     1 М.КВ ТАЛБАЙ СҮХБААТАР ДҮҮРЭГТ ХАМГИЙН ӨНДӨР БУЮУ 5.49 САЯ ТӨГРӨГИЙН ХАНШТАЙ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/16     ШИНЭ ХАРХОРУМ ХОТЫН БҮТЭЭН БАЙГУУЛАЛТ АЛБАН ЁСООР ЭХЭЛЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/16     СЭЛБЭ ГОЛЫН ДАГУУ 21.6 КМ ҮЕРИЙН ДАЛАН, ТОХИЖИЛТ ХИЙНЭ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/16     ГАШУУНСУХАЙТ–ГАНЦМОД БООМТЫН БҮТЭЭН БАЙГУУЛАЛТЫН БАРИЛГЫН АЖЛЫГ ЭХЛҮҮЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/06/16     БӨӨРӨЛЖҮҮТИЙН ЦАХИЛГААН СТАНЦЫН II БЛОКИЙГ 12 ДУГААР САРД АШИГЛАЛТАД ОРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/15     ОРОН СУУЦНЫ ҮНЭ 14.3 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/15     МОНГОЛ УЛСЫН 34 ДЭХ ЕРӨНХИЙ САЙДААР Г.ЗАНДАНШАТАРЫГ ТОМИЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     SXCOAL: МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ ЗАХ ЗЭЭЛИЙН ХҮНДРЭЛИЙН СҮҮДЭРТ ХУМИГДАЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ БАНК: ТЭТГЭВРИЙН ЗЭЭЛД ТАВИХ ӨР ОРЛОГЫН ХАРЬЦААГ 50:50 БОЛГОЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13    

Bank of Japan policymakers signal higher threshold for further easing www.reuters.com

Bank of Japan policymakers kept to their pledge to expand stimulus but only to protect the economy from external shocks, signaling that the threshold for further easing has been raised after last month's policy revamp.
 
BOJ Governor Haruhiko Kuroda made no direct reference of the need to achieve his inflation target quickly when he reiterated his readiness to cut interest rates or expand asset buying.
 
"We are prepared to ease policy again, including lowering short-term rates, if we judge that the merits outweigh the costs," Kuroda told parliament on Wednesday.
 
Yutaka Harada, who has been among the most vocal advocates of aggressive money printing on the nine-member board, also said the BOJ would ease if "sudden changes in the global economy" threatened the price target.
 
Before last month's change in policy framework, BOJ officials have said they would not hesitate to ease if it would hasten achievement of their elusive price growth target.
 
"It is clear from the change in the policy framework that the BOJ has essentially given up on a quick victory in achieving 2 percent inflation," said Hiroshi Shiraishi, senior economist at BNP Paribas Securities.
 
"The BOJ will not be proactively easing policy to achieve 2 percent inflation quickly. It is moving toward a more flexible inflation target," he said.
 
The comments by Kuroda and Harada came ahead of the BOJ's next review on Oct. 30-Nov. 1, when it may again push back the timing for achieving its price target in a quarterly review of its forecasts.
 
Only a handful of analysts polled by Reuters predicted the BOJ would ease at the next review, while about 70 percent said it would act next year.
 
The BOJ last month switched its policy to target interest rates and away from expanding the monetary base - or the pace of money printing - after years of massive asset purchases failed to jolt the economy out of decades-long stagnation.
 
Analysts say the move aimed to change the BOJ's framework into one suited for a long-term battle to hit its 2 percent inflation target. Kuroda has acknowledged it will take some time to hit the goal.
 
The BOJ maintained a loose pledge to keep the size of its balance sheet roughly unchanged even after shifting to a rate target, reflecting the views of board members such as Harada who insist aggressive money printing was key to ending deflation.
 
Harada, who voted for last month's policy make-over, said the BOJ's pledge to maintain its huge monetary base remained crucial in raising inflation expectations in the long run.
 
The BOJ's holdings of government bonds comprised just 30 percent of Japan's public debt, leaving room for additional purchases by the central bank, he said in a speech to business leaders in the central Japan prefecture of Nagano.
 
"Japan is quite distant from reaching the limits of monetary easing," he said.


Published Date:2016-10-12