Kuroda Mistake Shown Up by Draghi, Ex-Soros Adviser Says

Takeshi Fujimaki, a former adviser to billionaire investor George Soros, says Bank of Japan Governor Haruhiko Kuroda might learn a lesson from his European counterpart’s “bold” introduction of negative interest rates.

“If we must depend on monetary policy, quantitative easing is a colossal mistake,” Fujimaki, who holds a seat in Japan’s upper house of parliament, said in an interview in Tokyo on July 30. “The BOJ should have introduced a negative interest rate 20 years ago.”