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BOJ deputy governor candidate calls for more flexible rate policy
The Bank of Japan must thoroughly examine its stimulus programme and adjust interest rates more flexibly in response to cyclical economic swings, said Sayuri Shirai, an academic seen as a candidate to become deputy central bank governor next year. With Japan's economy lacking momentum, the BOJ will likely need to keep interest rates ultra-low even after the term of dovish Governor Haruhiko Kuroda ends in April, said Shirai, who served as a BOJ board member for five years until 2016. But the BOJ will likely, and ought to, conduct a comprehensive review of Kuroda's decade-long stimulus experiment when his successor ... (full story)