Comments from Kozo Yamamoto, a leading expert on monetary policy in Abe's ruling Liberal Democratic Party, speaking in an interview with Reuters:

  • The Bank of Japan must ease monetary policy further at its rate review on April 30
  • Signs of slowdown in the economy and prices
  • "The economy is at a standstill and prices are seen falling ahead. To do nothing isn't an option for the BOJ,"
  • "Further monetary easing is absolutely essential to ensure that the Japanese don't slip back to a deflationary mindset"
  • BOJ ought to wait until its rate review on April 30, instead of the upcoming one on April 7-8, in acting because that is when the bank reviews its long-term economic and price forecasts

Yamamoto is among Abe's advisers on economic affairs