BOJ's Nakamura: BOJ has coped well with the impact from the virus fallout so far
Comments by newly appointed BOJ board member, Toyoaki Nakamura
- About 2% price target is good for businesses
- Need to watch the benefits, side effects of policy
- BOJ has been a pioneer of policy tools
- Doesn't think that BOJ is financing debt with its operations
This is sort of his welcome speech and most of the time with new BOJ members, you can expect them to fall into line with what other policymakers have stated in the past.
Nakamura is a former executive at Hitcahi Ltd and will be replacing Yukitoshi Funo - who has consistently voted with the majority of the BOJ board - starting from today. Nakamura will serve a five-year term as BOJ board member as approved by the Japanese parliament.