Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5983
    +0.0008 (+0.13%)
     
  • NZD/EUR

    0.5535
    +0.0002 (+0.04%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD

    2,254.80
    +16.40 (+0.73%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • NZD/JPY

    90.4390
    +0.0460 (+0.05%)
     

Japan’s Central Bank Should Face Up to Zero-Price Growth, Ex-Official Says

Japan’s Central Bank Should Face Up to Zero-Price Growth, Ex-Official Says

The Bank of Japan should accept it is making no headway in its efforts to spur 2 percent inflation and start normalizing policy, according to Tokyo University professor Tsutomu Watanabe, a former BOJ official and long-time advocate of the price goal. "The last five years have confirmed that the policy hasn’t had any effect," on prices, Watanabe said in an interview earlier this month, referring to the central bank’s aggressive easing measures aimed at stoking inflation. Watanabe’s comments come amid a recent softening of inflation that has prompted some economists to lower their price projections for the year and fueled speculation that the central bank will also have to lower its forecasts again next month.