Bank of Japan Should Quit While It’s Ahead, Says Hayakawa
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The Bank of Japan should quit while it’s ahead. That’s the advice of the central bank’s former chief economist, Hideo Hayakawa.
The BOJ should start paring its unprecedented easing soon or risk hurting people, Hayakawa said in an interview. Pushing inflation to a 2 percent target in a short period will raise living costs without boosting employment or growth, he said.