Keeping rates low in Japan "could hurt growth"

Two members of the board of the Bank of Japan have dropped strong hints that the central bank is very much in tightening mode, suggesting that a continuation of low interest will hurt the economy.

The central bank's deputy governor, Toshiro Muto, said in a speech in Tokyo on 3 July that unless interest rates were raised soon, it could cause "large swings in economic activity and inflation."

In addition, Muto's fellow board member, Kiyohiko Nishimura, said that it was "not a prudent strategy" to

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 [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: