The Bank of Japan (BOJ) should be cautious about changing its unconventional monetary policy for now, given financial market uncertainty due to problems in Western banks, former top financial diplomat Takehiko Nakao told Reuters in an interview.
Nakao made the comments amid speculation the BOJ may abandon its yield curve control policy when new Governor Kazuo Ueda takes over incumbent Haruhiko Kuroda, whose term ends on April 8.
Nakao said the BOJ must carefully monitor market developments, for now, although credit anxiety was unlikely to morph into anything like the 2008/09 global financial crisis. "The BOJ may need to tread even more cautiously in reconsidering and adjusting monetary policy in the face of new problems of financial market jitters," said Nakao, former vice finance minister for international affairs, who coordinated with other countries in responding to the euro crisis in the 2010s.
Nakao was referring to the central bank's purchases of assets such as exchange-traded funds and real estate investment trust and its policy targeting the bond yield curve.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Analysis: New BOJ chief to slowly unwind Kuroda's policy experimentJapan's new central bank chief will take baby steps in any shift away from the radical monetary experiment of his predecessor, if recent comments are any guide, but a deeper history of his thinking shows a taste for bolder action.
続きを読む »
EUR/JPY continues its losing streak, drops below 142.60 as BoJ to consider YCC expansionThe EUR/JPY pair has continued its three-day losing spell after slipping below 142.60 in the Asian session. The cross is facing immense pressure as ru
続きを読む »
Japan’s Matsuno: Hope BoJ Governor Ueda, two Deputy Governors will work as one teamJapanese Chief Cabinet Secretary Hirokazu Matsuno crossed wires during early Friday while conveying hopes from incoming officials for the Bank of Japa
続きを読む »
Japan FinMin Suzuki: I hope the BoJ maintains suitable policyJapan’s Finance Minister (FinMin) Shunichi Suzuki praised the efforts of Bank of Japan’s (BoJ) outgoing Governor Haruhiko Kuroda early Friday. “Bank o
続きを読む »
MIT scientists produce 'ultrastable' materials using new computing methodMIT researchers have used a computational model to identify about 10,000 possible metal-organic frameworks MOF structures that they classify as “ultrastable.”
続きを読む »
USD/JPY: Jumps in the Yen are likely – CommerzbankThe Bank of Japan (BoJ) unswervingly stuck to its ultra-expansionary monetary policy. Antje Praefcke, FX Analyst at Commerzbank, expects to see jumps
続きを読む »