Kuroda’s ally Ito: BOJ is better off easing now rather than later

According to Takatoshi Ito, a former colleague of Governor Haruhiko Kuroda, the Bank of Japan (BOJ) should announce further easing at its April meeting, as a wait-and-see stance risks further appreciation of the yen, Bloomberg reports.

Key Quotes:

It would be better for the BOJ to act in April

If they opt to monitor economic conditions, the yen may gain more and the BOJ is likely to be forced to add easing in June in response to the markets’ demands. Then, the effects of stimulus would be limited