Ex-Fed Blinder - Japan needs cheaper yen

Alan Blinder, a former deputy chairman of the Federal Reserve, said Thursday Japan ought to boost demand by making its currency cheaper. "The need now is for a cheaper yen," Blinder, who is currently a professor at Princeton University, said in a speech. He said that Japanese monetary authorities must conduct "unsterilised intervention" in order for the intervention to be effective in pushing up demand.

In the past, the Bank of Japan has absorbed in money market operations the yen funds it

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact in[email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: