Dissenter Who Saw BOJ 2000 Misstep Warns Fed Not to Raise Rates

  • Nakahara says Fed Board risks repeating Japan's mistakes
  • Fed should wait for steady wage rise before acting, he says

Nobuyuki Nakahara, who as a Bank of Japan board member voted against interest-rate increases in the early 2000s, said the U.S. Federal Reserve is at a risk of repeating Japan’s mistakes if it raises rates too soon.

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