Ex-BOJ Official calls for genuine review of central bank stimulus

Dhwani Mehta FXStreet

The Bank of Japan (BOJ) must conduct a genuine review that takes a harder look at the rising side-effects of prolonged easing, former central bank Deputy Governor Hirohide Yamaguchi told Reuters.

Key quotes

“The costs of the bank’s stimulus programme have become too large to mitigate in the review in March.”

“It’s unlikely the BOJ can come up with an outcome that has a substantial impact on the economy and markets.”

“The review will probably be just a show of gesture that it’s doing ‘something’ to address the cost.”

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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