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MNI POLICY: Bank of Japan board member..........>

BOJ
BOJ: MNI POLICY: Bank of Japan board member Hitoshi Suzuki on Wednesday warned
that the growing side-effects of prolonged large-scale monetary easing would
become too big to control if the central bank didn't keep a close watch on both
the costs and benefits of its policy. At the same time, he also said the BOJ
board's decision in July to allow a wider trading range for the benchmark
long-term interest rate was not aimed at pushing up the levels of borrowing
costs. The BOJ's policy stance to keep zero to negative interest rates has
squeezed profit margins for lenders and slashed investment returns for pension
fund managers.
- For full piece see MNI Main Wire 03:39 BST 08/29 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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