💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Japan's Amari - BOJ is playing key role in economy recovery

Published 07/05/2014, 15:09
Updated 07/05/2014, 15:33

LONDON (Reuters) - Japan's Economy Minister Akira Amari said on Wednesday the Bank of Japan plays a key role in supporting the country's recovery by trying to achieve its 2 percent inflation target.

"The central bank is independent but always collaborating with the government. Its responsibility is to achieve the 2 percent inflation target and it is using whatever tools it has to attain the target independently," he said in London.

"The BOJ is playing a role in promoting the recovery."

He also said the government is receiving higher corporate tax revenues than it originally anticipated.

Earlier Amari said Japan's economy is regaining confidence and economic growth has shown significant improvement especially in the labour market thanks to policy reforms headed by Prime Minister Shinzo Abe.

(Reporting by Natsuko Waki and Emelia Sithole-Materise)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.