BoJ advised to refrain from easing

  • Business Premium
  • Tuesday, 05 Jul 2016

Getting stronger: Japanese 10,000 yen banknotes are arranged for a photograph in Tokyo. A surging yen and weak inflation have heightened market expectations the BoJ will ease at its rate review on July 28-29. — Bloomberg

TOKYO: The Bank of Japan (BoJ) should refrain from expanding stimulus further as the risks of additional easing outweigh the benefits, especially as borrowing costs are already very low, former central bank policymaker Sayuri Shirai said.

The central bank’s next step should be to taper its massive asset-buying programme, accompanied by a deepening of negative interest rates to moderate rises in bond yields, she said.

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