BOJ’s Amamiya calls for vigilance towards side effects of ultra-easy policy

Masayoshi Amamiya, a nominee for Bank of Japan deputy governor, attends a confirmation hearing in the lower house of parliament in Tokyo
FILE PHOTO: Masayoshi Amamiya, a nominee for Bank of Japan deputy governor, attends a confirmation hearing in the lower house of parliament in Tokyo Japan March 5, 2018. REUTERS/Toru Hanai

January 31, 2019

SHIMONOSEKI, Japan (Reuters) – Bank of Japan Deputy Governor Masayoshi Amamiya said on Thursday the central bank must seek to contain the side effects of its policy to maintain its current “powerful” monetary easing for a prolonged period.

“Japan’s economy is highly likely to continue expanding as a trend,” Amamiya said in a speech to business leaders in Shimonoseki, western Japan.

“But we need to be mindful that risks to our baseline scenario are heightening, mainly regarding those to overseas economic developments,” he added.

(Reporting by Leika Kihara; Editing by Chris Gallagher)

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