BOJ Shouldn’t Delay Normalization Over Risks, LDP Official Says

The Bank of Japan should stay on course to normalize monetary policy based on developments in the economy without worrying too much about the potential impact of higher interest rates, according to a senior ruling party official.

“Japan should firmly handle macroeconomic policies and then deal with specific problems as they arise,” Takao Ochi, a Liberal Democratic Party lawmaker in the lower house, said in an interview on Friday. “Otherwise, Japan risks entering a fourth ‘lost decade’.”