Dovish board member calls for review of BOJ’s policy framework

Dovish board member calls for review of BOJ’s policy framework

OTSU, Japan (Reuters) – The Bank of Japan should review its monetary policy framework to re-examine its tools for propping up inflation, one of its board members said on Thursday, as the fallout from the coronavirus outbreak risks tipping the economy into recession.

Goushi Kataoka, one of the most dovish members of the BOJ board, said the government and the central bank must coordinate their policies to maximise the boost to economic growth.

“I believe there’s room for the BOJ to review its policy framework and re-examine its effect including how it interacts with (the government’s) fiscal and pro-growth policies,” Kataoka said in a speech to business leaders in Otsu, western Japan.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source : Reuters Link

Follow 3-www.NET
Follow
e-News.US
  
Share
e-News.Us

Category Latest Posts