Rogoff Urges Japan PM to Respect Central Bank Independence
Kenneth Rogoff urged Japan to respect central bank independence to avoid rising bond yields. Minutes show he warned yields could hit 3% as global debt grows.
Xurve View
Xurve View
Kenneth Rogoff, a Harvard University economist and former International Monetary Fund chief economist, has advised Japan to respect the independence of its central bank to prevent undesirable increases in government bond yields. During a meeting of the government's top economic council on March 26, Rogoff cautioned Prime Minister Sanae Takaichi that institutional autonomy is vital for maintaining market confidence.
