BOJ newcomer Sakurai warns against frequent policy change

[TOKYO] The Bank of Japan's new board member Makoto Sakurai said on Tuesday the central bank should not change monetary policy frequently in small steps.

"What's important is for the BOJ to act boldly when big risks threaten Japan's economic fundamentals," Mr Sakurai said in parliament.

A former think tank executive, Mr Sakurai joined the BOJ's nine-member board on Friday, succeeding former International Monetary Fund economist Sayuri Shirai.

REUTERS