Sayuri Shirai, a former Bank of Japan board member and candidate for deputy governor of the central bank, has urged the Bank of Japan to adjust interest rates more flexibly in response to cyclical economic swings.
Additional comments
“The Bank of Japan needs to take a hard look at its stimulus program.”
“Given the lack of momentum in the Japanese economy, the BoJ will likely have to keep interest rates ultra-low even after moderate Governor Haruhiko Kuroda’s term ends in April.”
“The most important thing for the new BoJ leadership to do is to clarify and simplify its monetary policy communication.”
“The BoJ should take steps to increase monetary policy flexibility. Any steps it takes to this end would be different from sharp rises in interest rates.”
“The revision would help the BoJ to lay the groundwork for an adjustment of its monetary framework.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
