More Stimulus Is Likely From Bank of Japan, Says Ex-Deputy Governor Iwata
- Governor Kuroda `too optimistic' on economy and inflation
- Bond, ETF and real-estate purchases are options for stimulus
This article is for subscribers only.
The Bank of Japan probably will need to add stimulus as there is nothing driving inflation amid emerging signs that the economy has slipped back into recession, according to a former deputy governor.
“Listening to Kuroda makes you think there is no need for further easing but the real economy is worse than expected,” Kazumasa Iwata, a deputy governor from 2003-2008, said in an interview Wednesday. “It’s moving in a direction where the BOJ has to do something.”