Japan Exchange Group chief warns of monetary bubble
THE chief executive of the Japan Exchange Group Atsushi Saito yesterday sounded a warning about the dangers of a monetary bubble developing in Japan as a result of the Bank of Japan's massive quantitative and qualitative easing (QQE) programme.
His warning came amid mounting speculation that the Japanese central bank could launch further monetary easing soon, in order to keep Prime Minister Shinzo Abe's "Abenomics" policies on track, and when stock and property prices in Japan are rising sharply.
The policy board of the Bank of Japan (BOJ) decided at its meeting yesterday to leave monetary policy unchanged for now, but governor Haruhiko Kuroda said that the central bank would make policy adjustments as and when needed.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients
Prudential’s Q1 new business profit down 2% at S$743 million