New BoJ chief signals more aggressive policy

In testimony on Tuesday March 18 Toshihiko Fukui pledged to cushion Japanese economy from any war shocks and said the BoJ would consider broadening the range of assets it buys as part of its controversial scheme.

Source: Financial Times

Toshihiko Fukui, who takes over as governor of the Bank of Japan on Thursday March 20, signalled that he is prepared to adopt a more aggressive monetary policy, though he said the central bank could not tackle deflation alone.

Mr Fukui also pledged to "cushion [