Economics
Ex-BOJ Member Sakurai Sees No Rate Cuts Without Fresh Crisis
- Sakurai hints pursuit of 2% inflation not enough to prompt cut
- Says ETF buys should usually be zero but limitless when needed
Outside the Bank of Japan (BOJ) headquarters in Tokyo.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
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The Bank of Japan is highly unlikely to deepen its negative interest rate without a fresh economic crisis on a massive scale, according to former board member Makoto Sakurai, whose term ended last month.