BoJ nominee Harada: monetary stimulus, fiscal discipline

yutaka-harada
BoJ nominee Harada: Keynesian stimulus "extremely inefficient"

Reviewing recent papers and articles by Yutaka Harada – currently in line to become a member of the Bank of Japan's (BoJ) Policy Board – reveals the nominee is likely to back stronger monetary stimulus, a weaker yen, and disciplined government spending.

Last Thursday, Japanese prime minister Shinzo Abe picked Harada to fill the seat on the BoJ's board that will be left empty by the departure of Ryuzo Miyao in March. The nomination still needs to gain the backing of Japan's upper and lower houses

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