SHIMONOSEKI, Yamaguchi Pref. (Kyodo) The Bank of Japan should take a gradual approach in altering its monetary stance when it does away with the current quantitative easing policy, BOJ board member Miyako Suda said Wednesday.
She told business leaders in a speech in the city of Shimonoseki that such an approach would help reduce disruption to the financial markets amid uncertainties over the course of the economy.
Suda also said pressure is mounting for prices to rise due to an ongoing economic recovery. If economic growth remains above the potential growth rate of 2 percent, the gap between oversupply and weak demand will narrow, lifting the consumer price index above zero, she said.