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MNI: BOJ Wakatabe: Caution Over Strong Action...>

BOJ
BOJ: MNI: BOJ Wakatabe: Caution Over Strong Action To Burst Bubble
- Bank of Japan Deputy Governor Masazumi Wakatabe said Thursday that if a
central bank took strong measures to burst an asset bubble, it would push the
economy into a serious recession. "The central bank should not ignore asset
price fluctuations completely, but there are still discussions, regarding
whether to tighten monetary policy as a pre-emptive measure against a rise in
asset prices," Wakatabe said at symposium on innovation at Keio University in
Tokyo.
- For full story see MNI Main Wire at 02:42 BST 10/25, or contact us for full
access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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