Bank of Japan Governor Haruhiko Kuroda said a mix of fiscal and monetary stimulu...
NAGOYA, Japan - Bank of Japan Governor Haruhiko Kuroda said a mix of fiscal and monetary stimulus would give a bigger boost to the economy than taking fiscal and monetary steps individually, signalling that the government could play a bigger role in helping spur growth.
“If the government saw the need to use fiscal policy , a mix of fiscal and monetary policies would have a bigger impact than deploying fiscal and monetary steps separately,” he told reporters on Tuesday. Under a policy dubbed yield-curve control, the BOJ pledges to guide short-term rates at -0.1% and the 10-year bond yield around 0%.
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