BOJ Has Done All It Can, Government Must Do More, Wada Says
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A Japanese government official who attends Bank of Japan policy board meetings said the central bank has provided adequate stimulus and it’s the “government’s turn” to try boosting demand.
“The BOJ has pretty much done everything it can do,” Takashi Wada, a parliamentary secretary at the Cabinet Office and a ruling party member, said in an interview in Tokyo on Dec. 22. “It’ll probably be hard for the Bank of Japan to find more effective policy tools. So, it will be the government’s turn to make more of an effort with policy steps.”