Bank of Japan board member Yutaka Harada said on Thursday the central bank shoul...
TOKYO - Bank of Japan board member Yutaka Harada said on Thursday the central bank should continue its current monetary stimulus in order for prices and interest rates to eventually pick up, though he refrained from calling for further easing.
Years of the BOJ’s heavy money printing have failed to fire up inflation and crushed long-term interest rates near zero, drawing criticism from financial institutions for narrowing their margins and hurting their profits. Under a policy dubbed yield curve control, the BOJ aims to guide short-term rates at minus 0.1% and the 10-year government bond yield around 0%.
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