TechFlow news: According to Japan's Sankei Shimbun, the Bank of Japan plans to review and evaluate its policies from past decades. Under new Governor Kazuo Ueda, discussions will begin at a two-day meeting on April 27 and 28.
The report states that the Bank of Japan will investigate the causes behind Japan's economic stagnation so it can formulate effective policies under Governor Ueda. The central bank is expected to examine the past 25 years of deflationary economy, but may also trace back to around 30 years ago when Japan's economic bubble burst.
Earlier this month, Governor Kazuo Ueda, at his first press conference after taking office, said that implementing yield curve control and negative interest rates is currently appropriate, while adding that he remains open to assessing long-standing policies.
