Economist joins Bank of Japan’s rate-setters
BoJ board member in favour of continued QE but has expressed doubts on negative rates
Economist Seiji Adachi will join the Bank of Japan’s nine-member monetary policy board, after the upper house of the country’s parliament approved his nomination.
Adachi has argued in favour of the BoJ continuing its quantitative easing programme, but has also expressed doubts over the use of negative interest rates. He was nominated by prime minister Shinzo Abe, who is a strong advocate of the BoJ continuing with expansionary policies.
Adachi, a 54-year-old economist at Marusan Securities
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