BOJ Shouldn’t Ease Further; Yen Fell Enough: Business Lobby Head
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The Bank of Japan shouldn’t expand its record monetary stimulus, as such a move would fail to spur growth and make prospects for an eventual exit from the policy harder, the new head of a business lobby said.
The yen has slumped enough on the back of the central bank’s asset purchases over the past two years and the currency should stay around 120 per dollar, said Yoshimitsu Kobayashi, who starts Monday as chairman of the Japan Association of Corporate Executives.