MNI POLICY: BOJ Suzuki Warns on Side-Effects, Stability Vital

Bank of Japan board member Hitoshi Suzuki warned Thursday that the side-effects of a prolonged easy policy are accumulating and the BOJ must pay attention to the risk that the side-effects would affect the financial system. "The momentum toward the price target is temporarily lost due to the coronavirus," Suzuki told business leaders in Asahikawa City, Hokkaido, via an online conference, noting easing policies will likely be in place for some time. Suzuki also said, "The financial intermediation is working smoothly but the problem is from now on. It will take time for economic activities return to normal, even if the infectious disease comes to an end" - on MNI Policy Main Wire and email now - for more details please contact sales@marketnews.com.