The Bank of Japan must ease monetary policy more at its rate review on April 30 given signs of slowdown in the economy and prices, a ruling party lawmaker and one of the architects of premier Shinzo Abe’s “Abenomics” reflationary policies said.
“The economy is at a standstill and prices are seen falling ahead. To do nothing isn’t an option for the BOJ,” Kozo Yamamoto, a leading expert on monetary policy in Abe’s ruling Liberal Democratic Party, told Reuters in an interview on Wednesday.
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