The Bank of Japan should expand already-record stimulus at its April meeting, as a wait-and-see stance risks further appreciation of the yen, according to Takatoshi Ito, a former colleague of BOJ Gov. Haruhiko Kuroda.

“It would be better for the BOJ to act in April,” Ito, currently a professor at Columbia University in New York, said in an interview. “If they opt to monitor economic conditions, the yen may gain more and the BOJ is likely to be forced to add easing in June in response to the markets’ demands. Then, the effects of stimulus would be limited.”

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.