BoJ's new board member urges gradual policy shift

Kiyohiko Nishimura, who joined the Bank of Japan's nine-member policy board on Friday, told a press conference that the central bank needs to move slowly in altering its current super-loose credit policy.

"The quantitative monetary easing policy is just like morphine, and if you quit injecting such strong medication, you are going to feel strong pain," the former Tokyo University economics professor said.

"So what is important is to move gradually (in weaning the economy from its reliance on ea

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