BOJ Deputy Governor Wakatabe says benefits of easy policy outweigh costs
Written by MagaFirstNews on May 16, 2019
FILE PHOTO: Deputy Governor at the Bank of Japan, Masazumi Wakatabe, speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne
May 16, 2019
TOKYO (Reuters) – Bank of Japan Deputy Governor Masazumi Wakatabe said on Thursday he saw the benefits of the central bank’s ultra-loose monetary policy still outweighing the costs.
“We still haven’t put a sustained end to deflation and inflation hasn’t reached the BOJ’s 2 percent target. But we’re seeing an end to a long period of time when consumer prices kept falling,” Wakatabe told parliament.
“When I look at developments since we introduced quantitative and qualitative easing, the outcome is clearly positive,” he said.
(Reporting by Leika Kihara; Editing by Chris Gallagher)