Comparison with overseas central banks In relation to monetary easing by overseas central banks, we sometimes receive an opinion that “the Bank should pursue bolder monetary easing, like the Federal Reserve, by purchasing assets without setting a ceiling and a time limit or clarifying the duration for the zero interest rate.” In that regard, as said before, a central bank strives to choose the most effective policy measure or policy framework based on policy challenges and the financial and economic situation of each country or region.
While there are various differences in policy conduct between the Bank of Japan and the Federal Reserve, both share the view of doing its utmost as a central bank to achieve respective goal. It might not be desirable to argue which central bank is bolder, based on the difference in specific monetary easing measures.