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Japan's central bank is pledging more aggressive action to boost the economy, including a 2 percent inflation target and easing monetary1 conditions.
The Bank of Japan - or BOJ says it would conduct "open-ended" asset purchases to help achieve the goal of breaking out a long spell of deflation.
Prime Minister Shinzo Abe has been lobbying the central bank to ease monetary policy further to help the recession-struck economy escape from years of falling prices.
The BOJ also released a joint2 statement with the government on fighting deflation, with the government vowing3 growth strategies to restore fiscal4 health.
The continual contraction5 has led analysts7 to say the economy has entered a mild recession amid sluggish8 demand both at home and abroad.
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1 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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2 joint | |
adj.联合的,共同的;n.关节,接合处;v.连接,贴合 | |
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3 vowing | |
起誓,发誓(vow的现在分词形式) | |
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4 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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5 contraction | |
n.缩略词,缩写式,害病 | |
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6 analyst | |
n.分析家,化验员;心理分析学家 | |
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7 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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8 sluggish | |
adj.懒惰的,迟钝的,无精打采的 | |
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9 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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10 economist | |
n.经济学家,经济专家,节俭的人 | |
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