BoJ’s Sakurai defends aggressive monetary easing
A member of the policy board says yield-curve control allows flexibility
The Bank of Japan (BoJ) will continue its aggressive monetary easing with both asset purchases and low interest rates, according to a member of the policy board.
Speaking on May 25, Makoto Sakurai said the introduction of yield-curve control allows the BoJ to implement monetary easing measures “more flexibly”. Measures implemented to date have lowered interest rates, but people, other than market participants, “were probably less familiar with these policy measures”, he said.
In September 2016
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