Japan Lawmaker Says Any New BOJ Accord Would Be Disruptive

It’s not yet the time to consider an exit from the Bank of Japan’s ultra-loose monetary policy, said Hiroshige Seko, the ruling Liberal Democratic Party’s upper-house secretary general.

Any revamp to the decade-old inflation accord between the government and the central bank would be disruptive for markets, said Seko, a senior member of the political faction of former premier Shinzo Abe. “There’s no reason to change it,” he said during an NHK broadcast talk show on Sunday.