Ex-BOJ Chief Kuroda Backs Hikes, Deputy Urges Caution
Former Bank of Japan chief Haruhiko Kuroda supports continued interest rate hikes in a new book. His former deputy Masazumi Wakatabe warns against premature tightening amid sluggish growth.
Former Bank of Japan chief Haruhiko Kuroda backed continuous rate hikes in a new book, contrasting with his former deputy's call for caution. The debate exposes a deep policy rift in Japan over how fast central bankers should normalize monetary settings. The disagreement comes as incumbent governor Kazuo Ueda pushes rates to a 31-year high of 1.25%.
