Ex-BOJ official urges end to low rates
Former Bank of Japan board member Asahi Noguchi says Japan no longer needs expansionary policies. He projects another central bank interest rate hike in December as inflation and wages remain steady.
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Japan no longer requires expansionary fiscal and monetary policies, former central bank board member Asahi Noguchi said, projecting a rate hike to 1.5% in December. The remarks from a prominent former reflationist highlight how rising inflation and wages have fundamentally altered economic policy thinking. Underlying inflation is near target levels, making demand-boosting measures an unnecessary risk.
