Dovish board member calls for review of BOJ’s policy framework


OTSU, Japan (Reuters) – The Bank of Japan should review its framework to re-examine its tools for propping up , one of its board members said on Thursday, as the fallout from the outbreak risks tipping the into recession.

Goushi Kataoka, one of the most dovish members of the board, said the government and the central bank must coordinate their policies to maximise the boost to growth.

“I believe there’s room for the BOJ to review its policy framework and re-examine its effect including how it interacts with (the government’s) fiscal and pro-growth policies,” Kataoka said in a speech to business leaders in Otsu, western Japan.

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