BOJ to weigh pros and cons of its tool-kit in review, says governor

The Bank of Japan (BOJ) is scheduled to conduct a long-term review of its unconventional monetary policy tools designed to combat deflation. Governor Kazuo Ueda said the review will examine the effect the Bank’s monetary easing steps had on financial markets and the banking system, along with how globalisation and demographics have impacted on corporate and household activities, along with wage patterns. The BOJ will begin releasing details of its review plan from next month.