Japan’s Ex-MoF Nakao: Widening YCC band to make policy transition smoother Japan BOJ CentralBanks USDJPY
, Takehiko Nakao, spoke about a smoother transition away from the central bank’s ultra-loose monetary policy, in a Reuters interview on Wednesday.“The BOJ has not succeeded so much in raising inflation expectations and bringing down real interest rates while side-effects became larger. I was thinking the current framework must be modified sooner or later.”
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