BOJ 'given up on shock tactics', says former bank official

Tokyo

THE Bank of Japan (BOJ) has little room left now for "shock tactics" as a means to achieve its monetary targets, former BOJ economist and senior administrator Hiromichi Shirakawa said on Tuesday while warning that this could result in a continuing sharp rise in the yen exchange rate.

The yen is unlikely to slip back beneath 100 to the dollar this year and "could break above 90 or even 85 by the end of 2017", suggested Mr Shirakawa, who is now chief economist at Credit Suisse Securit…