✉news BusinessBanking first seen 1 d ago, last 16 h ago, peak #3
Ex-BOJ policymaker urges end to low rates and stimulus
Original: Reflationist ex-BOJ policymaker calls end to low rates, big spending
A former Bank of Japan policymaker known for reflationist views has called for an end to Japan's era of low interest rates and large-scale fiscal spending, according to a Reuters report. The intervention is notable because it comes from within the camp that long advocated aggressive monetary easing, suggesting a shift among Japanese economic thinkers as inflation pressures persist.
Why now: The reflationist camp itself turning against ultra-loose policy signals a potentially significant shift in Japan's economic policy debate.
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