Has the BOJ Reached Limits of Monetary Stimulus?
The Bank of Japan will need to reduce the pace of its record purchases of government debt as it is approaching the limits of the bond market, said a former BOJ executive director. "Of course they can’t keep stacking up 80 trillion yen ($784 billion) of bonds forever," said Kazuo Momma, who worked at the BOJ until the end of May. “They are aware they are nearing the limit, whether that is now or later.” Governor Haruhiko Kuroda has given no indication that the bank is considering cutting purchases -- indeed, he has repeatedly said that the BOJ won’t hesitate to expand stimulus if needed to achieve the target of 2 percent inflation. GAM Group's Larry Hatheway discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown." (corrects type of stimulus in headline)
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Bloomberg Markets: Balance of Power 9/18/2017
31:08 - Guests include: Organization for Economic Cooperation and Development Secretary General Angel Gurria, Congressman John Delaney, a Democrat from Maryland (Source: Bloomberg)