December 01, 2022 01:57 GMT
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.
Noguchi also warned of the impact of rapid movements of foreign exchange rates on individual parts of the economy, but only said that the BOJ needs to carefully monitor developments in forex and financial markets and their impact.
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