BOJ's Mizuno cautions on asset bubble risk

Bank of Japan policy board member Atsushi Mizuno has said that the BOJ's super-easy monetary policy may help produce an asset bubble in Japan, the Jiji Press news agency reported.

'Compared with traditional monetary policy, which targets interest rates, the BoJ's quantitative easing policy carries a higher risk of inducing an asset bubble when excessive optimism arises about the course of the economy,' Mizuno was quoted as saying in an article contributed to a Jiji Press newsletter.

'The central

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