BOJ chief sees need for efficient policy amid fears of side effects

The Bank of Japan should be able to respond more quickly to future economic shocks, Governor Haruhiko Kuroda said Thursday, as the central bank is studying side effects of its prolonged ultraloose monetary policy. The BOJ last week announced it will assess its current policy framework in March, indicating fine-tuning of its aggressive easing measures, as the bank expects to keep them in place for longer than earlier thought in the wake of the coronavirus pandemic. “Anything that is unnecessary and inefficient should be avoided,” Kuroda said in a speech at a meeting of the Japan Business Federa…

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