BOJ’s Adachi: Will control interest rates, avoid one-sided rises to prevent collapse in Japan’s finances

In an interview with Mainichi newspaper on Friday, the Bank of Japan (BOJ) new board member Seiji Adachi said that the central bank will control the interest rates while avoiding one-sided rises, in an effort to prevent collapse in Japan’s finances.

Additional comments

“Too early for any talk of fiscal discipline, now is time to ramp up fiscal spending.”

“The priority now is to avoid destabilization of Japan’s financial system.”