Mizuno says zero-rate policy beating deflation

New Bank of Japan policy maker Atsushi Mizuno said on Friday 3 December that the BOJ's zero-rate policy is overcoming deflation and the bank must look at potential side effects of maintaining its stance.

"Almost four years have passed since the central bank introduced its quantitative easing policy as an emergency measure, and the policy has already achieved its initial goal," Mizuno, 45, told reporters today at the central bank in Tokyo. "It has stabilized the financial system and averted a d