TOKYO: Japan’s major industrialists want urgent steps from the Bank of Japan (BOJ), the country’s central bank, that ensure exchange stability.
A survey conducted by the bank before charting out the new monetary policy showed this is the major initiative the country’s business community expects from the new policy.
Nearly, 70% of firms polled said they experienced drawbacks from BOJ’s 25-year-long monetary easing measures, including a weak yen that pushed up import costs, the survey found.
Monetary easing is a policy by which a central banks lowers interest rates and CD ratios to make credit easily available
