KONTAN.CO.ID - KUMAMOTO. Bank of Japan board member Hitoshi Suzuki on Thursday warned of the potential dangers of ramping up monetary stimulus, saying further declines in borrowing costs could hurt consumers by prompting commercial banks to charge fees on deposits. Suzuki, a former commercial banker turned BOJ policymaker, said the BOJ needed to pay more attention to the health of Japan's banking system in guiding monetary policy, given the rising strains on financial institutions from years of ultra-low interest rates. "If the BOJ were to consider and implement specific monetary easing measures, it will take action deemed appropriate at the time while weighing the benefits and demerits of each step," Suzuki said in a speech to business leaders in Kumamoto, southern Japan.
BOJ policymaker warns of dangers of more monetary easing
KONTAN.CO.ID - KUMAMOTO. Bank of Japan board member Hitoshi Suzuki on Thursday warned of the potential dangers of ramping up monetary stimulus, saying further declines in borrowing costs could hurt consumers by prompting commercial banks to charge fees on deposits. Suzuki, a former commercial banker turned BOJ policymaker, said the BOJ needed to pay more attention to the health of Japan's banking system in guiding monetary policy, given the rising strains on financial institutions from years of ultra-low interest rates. "If the BOJ were to consider and implement specific monetary easing measures, it will take action deemed appropriate at the time while weighing the benefits and demerits of each step," Suzuki said in a speech to business leaders in Kumamoto, southern Japan.