According to reports, the Government of Japan anti-deflation group on the 10th on a series of anti-deflation is proposed to reach a consensus, and called on the Bank of Japan to continue to take strong monetary easing measures, until the domestic economy out of deflation predicament.
 
The proposal also calls for the Japanese government to work closely with the central bank to ensure a steady rise in the price level, and strive to achieve nominal economic growth rate of 3% and 2% real growth rate of fiscal year 2020. The above proposal will be integrated into Government recovery strategy.
 
The proposal also said that the Bank of Japan has said that the introduction of strong monetary easing measures to achieve the inflation target of 1%; the Japanese government is expected that the Bank of Japan will continue to implement strong monetary easing until deflation can be overcome.
 
Anti-deflation group also mentioned in the proposal, the excessive volatility of currency markets has a negative impact on the Japanese economy and financial stability, the Japanese government will closely monitor these market trends, and to take decisive measures when necessary.
 
According to Japanese government officials, citing the Bank of Japan Governor Masaaki Shirakawa said the Bank of Japan is making great efforts to the implementation of monetary easing measures to fight deflation, such as near-zero interest rate policy and asset purchase program. Masaaki Shirakawa made ??the remarks to participate in the meeting of government to deal with deflation in the 10th. He also said that Japan's current scale of asset purchases have totaled 54 trillion yen, the target distance of 70 trillion yen, 16 trillion yen; through the implementation of another 16 trillion yen asset purchase plans, monetary easing impact of initiatives will be further strengthened.
 
The Bank of Japan two-day monetary policy meeting will be convened on the 11th. Some analysts believe that, although the Bank of Japan's very likely to maintain the current monetary policy unchanged, but the line should be considered to take further easing.



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