The financial institution of Japan, once the main bank of Japan, chooses and implements financial policy with the purpose of keeping cost 1 stability.
Cost stability is very important because the foundation is provided by it for the country’s financial task.
In applying financial policy, the financial institution influences the forming of rates of interest for the intended purpose of currency and financial control, in the form of its operational instruments, such as for example cash market operations.
The fundamental stance for financial policy is set by the Policy Board at Monetary Policy Meetings (MPMs). Continue reading