The general public does not ascribe to the Bank of Japan’s monetary policy, which is primarily designed to combat deflation.
People privy to the stipulatio said the BOJ’s move to levy negative interest rates has failed to appease households and businesses.
Sources added there is an escalating anxieties about the central bank introducing unusual yet ineffective policies, hinting at insufficient public support for additional stimulus.
BOJ Governor Haruhiko Kuroda previously reiterated they would exhaust all possible means to bolster the economy. However, policymakers decided not to employ any further easing.
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