Bank of Japan deputy governor warns over ‘fallacy of composition'

bank-of-japan-ext

Hiroshi Nakaso, deputy governor of the Bank of Japan (BoJ), has called on central banks and governments across the world to work together to "enhance the co-ordination and division of labour" between them, as well as co-operation among "central banks and fiscal authorities with a view to building an international safety net".

Nakaso addressed the evolution of central banks' roles as lenders of last resort, market-makers of last resort and global lenders of last resort, in remarks at an executive

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: