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BOJ Beat: Reflationist Lawmaker Has High Hopes for Bold Easing
Kozo Yamamoto, a former finance-ministry official and veteran lawmaker of Japan’s ruling Liberal Democratic Party, is a close ally of Prime Minister Shinzo Abe, and has been one of the party’s staunchest proponents of aggressive monetary easing to reverse 15 years of deflation. With markets anticipating decisive action at the Bank of Japan’s policy-board meeting next week—the first under the Gov. Haruhiko Kuroda—JRT asked Mr. Yamamoto how he views the new top team and what measures he expects from the central bank. JRT: How would you evaluate the new BOJ leadership? Mr. Yamamoto: I have very high ... (full story)