Economics and Policy Japanese Monetary Policy Outlook

Q&A with Hiroshi Nakaso, Former Bank of Japan Deputy Governor

10 Sep 2020

The political stability and the policy momentum in Japan will be maintained and there will not be a political change in the environment surrounding Bank of Japan if candidate Yoshihide Suga will be elected as new Prime Minister, says Hiroshi Nakaso, the Chairman of the Daiwa Institute of Research (DIR). Hiroshi Nakaso is a former Deputy Governor of the Bank of Japan, having joined the bank in 1978, where he dealt among others with the home-grown financial crisis of the 1990s. In the interview Hiroshi Nakaso talks about Bank of Japan’s unconventional monetary policy, the lack of inflation, the cooperation of fiscal and monetary policies and the assessment of yield curve control in Japan.

Hiroshi Nakaso spoke to Beat Siegenthaler of the UBS Knowledge Network live from Tokyo on 10 September 2020.

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The views expressed in this interview are those of the interviewee and do not necessarily reflect those of UBS.