BoJ deputy governor warns against early tightening

An advocate of aggressive monetary easing, Wakatabe also said the BoJ was unlikely to follow suit when the United States Federal Reserve (Fed) enters a tightening cycle, given Japan’s low inflation.(File pic shows BoJ in Tokyo)

TOKYO: The Bank of Japan (BoJ) must avoid reducing stimulus even if rising raw material costs push up inflation, deputy governor Masazumi Wakatabe said, reinforcing expectations it will fall behind major counterparts in dialling back crisis-mode policies.

An advocate of aggressive monetary easing, Wakatabe also said the BoJ was unlikely to follow suit when the United States Federal Reserve (Fed) enters a tightening cycle, given Japan’s low inflation.