BOJ Board Member Bats for More Monetary Easing - Forex News by FX Leaders
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BOJ Board Member Bats for More Monetary Easing

Posted Wednesday, May 22, 2019 by
Arslan Butt • 1 min read

Bank of Japan board member Yutaka Harada has expressed concerns about the Japanese economy while addressing business leaders on Wednesday. He stated that BOJ should increase stimulus efforts immediately if the Japanese economy slows down below target.

Falling exports and industrial production have so far failed to dent capital expenditure and private consumption in Japan, but the trade war has heightened risks for the economy in recent times. Harada also worried that the upcoming sales tax hike proposed to be implemented in October could result in reduced consumption and affect inflation targets.

Job growth and consumption are already affected due to falling exports and production, and the sluggishness in prices could delay inflation from rising in the future. Harada, an advocate of monetary easing policies, maintained that BOJ’s ultra-loose policy has brought in immense benefits to the Japanese economy.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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