Tuesday, March 12, 2013
DJ: Nakaso Says BOJ Board To Have Detailed Talks On What Steps To Take
TOKYO--Hiroshi Nakaso, one of the Japanese government's nominees for deputy governor of the Bank of Japan, on Tuesday reiterated his commitment to powerful monetary easing, saying he wants to work out the details of future policy actions with the rest of the central bank's policy board from now on.
"By powerful monetary easing we mean that we want to make the most of the Bank of Japan's functions and move ahead with a fresh mindset and without being constrained by precedence," Mr. Nakaso said at a confirmation hearing to a committee of the upper house of parliament. "As for details on what policy steps we should take, I'd like to work them out from now at the central bank's policy board, including myself."
Mr. Nakaso, 59, joined the central bank in 1978 and has spent almost all of his career there, rising to the position of executive director.