The Bank of Japan is likely to keep its current monetary easing program “for many quarters to come” to ensure an economic recovery and pursue a still remote target of sustainable 2% inflation, according to a former BOJ official. “There’s a good case for the BOJ to be sticking to the current yield curve control for the rest of this year or even after that,” Kazuo Momma, a former top official in charge of monetary policy at the central bank, said on Bloomberg TV Monday. With the nation’s key inflation gauge above 2% and the yen remaining around 24-year lows against the dollar, speculation keeps swirling that the BOJ ... (full story)