Monday 12 November 2018
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todayonline - 1 month ago

BOJ s Sakurai warns trade protectionism could cut Japan growth estimate

Bank of Japan board member Makoto Sakurai warned on Thursday that the spread of protectionist trade moves was causing uncertainty in the global economy and could cause Japan s economy to fall short of the central bank s growth projections. Sakurai, a former academic who is seen as representing the central bank s mainstream view on monetary policy, said the BOJ should continue its strong monetary stimulus for the time being while monitoring the side-effects from a prolonged easing.

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