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BOJ member warns against overly stimulating demand with easy policy


  • Economy
  • Thursday, 24 May 2018

Sakurai, a former academic who is seen as representing the BOJ's mainstream views, also said the central bank must be mindful of the risk that prolonged easing may hurt financial institutions' profits and disrupt Japan's banking system

Sakurai, a former academic who is seen as representing the BOJ's mainstream views, also said the central bank must be mindful of the risk that prolonged easing may hurt financial institutions' profits and disrupt Japan's banking system

MAEBASHI, Japan: Bank of Japan board member Makoto Sakurai said on Thursday excessive monetary easing could destabilise the economy and suggested the bank could whittle down its massive stimulus programme if growth continues to strengthen.

Sakurai, a former academic who is seen as representing the BOJ's mainstream views, also said the central bank must be mindful of the risk that prolonged easing may hurt financial institutions' profits and disrupt Japan's banking system.

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