BoJ’s Funo calls for efforts to revive potential growth

The Bank of Japan

Action is needed to address bottlenecks in Japan's economy that are holding down potential growth, Bank of Japan policy board member Yukitoshi Funo said on March 23.

In his first speech as a board member, delivered to business leaders in Hyogo, Funo backed the central bank's policy of qualitative and quantitative easing, and negative interest rates applied to excess reserves.

He said other steps were necessary to revive Japan's growth potential, which he singled out as an important challenge for

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