March 13, 2019 / 5:30 AM / in 13 days

BOJ must take into account side-effects of easy policy - regional bank head

TOKYO, March 13 (Reuters) - Risks surrounding Japan’s economy are heightening but the central bank must take into account the side-effects of its ultra-loose monetary policy, the head of the country’s regional bank lobby said on Wednesday.

“The BOJ said it will achieve 2 percent inflation in two years. But six years have passed” since the implementation of a radical stimulus programme, Takashige Shibato, head of the Regional Banks Association of Japan, told a news conference.

“The policy has provided sufficient benefits to the economy. On the other hand, various side-effects are emerging in areas like financial intermediation and bond market functions,” he said. “We hope the BOJ takes these into account.” (Reporting by Leika Kihara Editing by Chang-Ran Kim)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below