Economics
New BOJ Board Member Signals He Won’t Push for Extra Easing Now
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The Bank of Japan’s newest board member and a known stimulus advocate made clear his support for the BOJ’s existing monetary policy stance, signaling he had no immediate intention to push for additional easing measures.
“It’s important to continue with monetary easing further to achieve the price target,” Asahi Noguchi, a former economics professor, said at a press conference in Tokyo as he assumed his five-year term Thursday. “BOJ policy has been significant in bringing down the jobless rate and stopping prices from falling.”