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BOJ's Masai advocates staying with 'powerful easing', warns on side-effects

Japan's economy expanded an annualised 1.4% in the third quarter due to strong exports

Reuters  |  Kobe, Japan 

Bank of Japan board member Takako Masai on Wednesday advocated sticking with ultra-easy monetary policy due to uncertainty over how fast inflation will rise, while warning that the central bank should remain on guard against the possible side-effects. Despite a strengthening economy, Masai conceded that it was taking longer than expected to eradicate Japan's sticky deflationary mindset, or public perceptions that prices won't rise ahead. "Even so, there's no change to the need... to conduct powerful monetary easing," Masai said in a speech to business ...

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First Published: Wed, December 06 2017. 13:54 IST