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MNI BRIEF: BOJ's Noguchi Warns On Higher Long-Term Rates

(MNI) Tokyo
(MNI) Tokyo

Bank of Japan board member Asahi Noguchi said on Thursday that a rise in long-term interest rates will have an adverse impact on Japan’s economy, which in turn will make it difficult for the BOJ to achieve its 2% price target.

“I believe that it is important for the BOJ to maintain easy policy and keep interest rates at low levels as the achievement of 2% price target hasn’t clearly come into sight,” Noguchi, known as a dovish member, told business leaders in Akita City.

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Bank of Japan board member Asahi Noguchi said on Thursday that a rise in long-term interest rates will have an adverse impact on Japan’s economy, which in turn will make it difficult for the BOJ to achieve its 2% price target.

“I believe that it is important for the BOJ to maintain easy policy and keep interest rates at low levels as the achievement of 2% price target hasn’t clearly come into sight,” Noguchi, known as a dovish member, told business leaders in Akita City.

Keep reading...Show less