Category: Economic Indicators
Bank of Japan board member Yutaka Harada on Wednesday said the central bank should "without hesitation" take additional easy policy if risks facing Japan's economy materialized."Japan's economy is facing risks that would worsen its economy," Harada said in a speech to business leaders in Shimonoseki, Japan. "If they materialized, the virtuous cycle from income to spending would have ceased to operate and the labor market would worsen and then the underlying trend of prices would deteriorate."But he did not offer a guide to any possible steps. He was one of the five board members who agreed to introduce a negative interest rate in January.The BoJ holds its next policy meeting April 27-28, at which the board will release their medium-term outlook for economic growth and theinflation rate until fiscal 2018 to March 2019.
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