BoJ policy shift will do little to stimulate the economy

The Bank of Japan is running out of solutions for its stagnant economy

Central Bank of Japan
The BoJ has been unsuccessfully attempting to raise inflation for years

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The Bank of Japan (BoJ) has shifted its policy focus radically at its September meeting, and while the central bank reassured markets that it will continue with its monetary stimulus measures, the move signals a fundamental shift in the bank's operations. 

But despite the tectonic shift in approach, the BoJ will struggle to achieve its goal of overshooting its 2% inflation goal, says Michael Hewson, the chief market analyst at CMC Markets, the winner of FX Week's one

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