BOJ’s Sato Is Pessimistic on Economy, Central Bank’s StrategyBy
In speech says negative rates won’t work to boost investment
Says bank needs to adapt to a ‘long-term’ policy framework
A Bank of Japan board member expressed pessimism about the economy and the central bank’s strategy, saying in a speech Thursday that the BOJ won’t be able to reach its 2 percent inflation target as forecast and negative rates won’t work to boost investment.
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