Former BOJ's Taya says current policy should stay

A former Bank of Japan policymaker told a press conference on Thursday 17 March that the central bank should adhere to its current "quantitative" credit-easing policy until Japan's economic recovery is achieved.

"There is no justifiable reason" to lower the policy target now because the BOJ has maintained it for reasons of supporting the nation's economic recovery," Teizo Taya, special counsellor at Daiwa Institute of Research Ltd., said at a press conference.

Taya said the BOJ "should not aban