Koichi Hamada, professor emeritus of economics at Yale University, is key economic adviser to Japan's Prime Minister Shinzo Abe
- BOJ must avoid situation where interest rates become too low, do more harm than good to economy
- negative rates hurt health of financial institutions, particularly smaller ones
- The government and the Bank of Japan must coordinate fiscal, monetary policies to boost real, nominal interest rates
Headlines via Reuters
BOJ policy statement is due later in the session:
