Varahala Babu
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Japan - LDP's Yamamoto says BOJ must ease again on April 30
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 ... (full story)