BOJ Needs Caution on Rates During Growth Push, Ex-Official Says

The Bank of Japan should take a cautious approach to raising interest rates while the government pulls out all the stops to energize the economy, according to a former board member.

Prime Minister Sanae Takaichi’s government should fully utilize fiscal, monetary and tax policy to stimulate demand and realize a “high pressure” economy, former BOJ board member Yutaka Harada said in an interview.