Former Bank of Japan (BOJ) deputy governor (2003-2008) Kazumasa Iwata:
- Weak yen puts Japan at recession risk
- USD/JPY at at 90-100 reflects japan fundamentals
- The Bank of Japan (BOJ) should extend the price mandate framework to 5 years
- Further BOJ easing needed if inflation falls below 1%
- Damage to Japan from weak yen may outweigh merits
- Rising import costs are squeezing corporate profit margins and eroding consumer capacity to spend
Headlines on Bloomberg, reporting former Bank of Japan (BOJ) deputy governor Kazumasa Iwata’s comments in an interview (on September 19)
He is currently a member of a subcommittee of the Council on Economic and Fiscal policy
Former BOJ deputy governor Kazumasa Iwata, the man in Japan current BOJ governor Haruhiko Kuroda would most like to STFU right now
