TOKYO: The Bank of Japan (BoJ) must take bolder monetary easing steps to fight the heightening risk of deflation, board member Goushi Kataoka said, warning of a darkening outlook for consumption and capital expenditure from the pandemic.
The BoJ must buy government bonds aggressively and make clear it is ready to cut interest rates further to ease the burden on households and firms, said Kataoka, among the most dovish in outlook of the policymakers in the nine-member board.
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