Comments from BOJ board member Harada

  • Bold stimulus has helped improve Japan's economy

It's a bit premature to take a victory lap for the BOJ's policies.

More:

  • We must wait for prices and interest rates to rise by continuing current easing policy
  • Bank's trouble stemming from structural factors, not low interest rates
  • If rates were hiked, that would diminish lending demand and cause price declines
  • Low rates help improve employment and productivity