Ex-BoJ Economist Hayakawa: Japan may slip into recession either in 2019 or 2020
|Former Bank of Japan (BoJ) Economist Hideo Hayakawa was on the wires last minutes, speaking about the Japanese economic outlook in an interview with Reuters.
Key Points:
Japan may slip into recession either in 2019 or 2020.
BoJ may tolerate bond yield rises to around 0.4% under new July guidance.
With new guidance, BoJ can now conduct "stealth" rate hikes.
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