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Japan’s Regional Banks Association Chief Takashige Shibato was on the wires last minutes, via Reuters, noting that the Bank of Japan (BOJ) should take into account the side-effects of ultra-loose monetary policy.

Additional Comments:

BOJ said it will achieve 2% inflation in two years, but six years have passed.

The policy does provide sufficient benefits to the economy.

But various side-effects are emerging in areas like financial intermediation and bond market functionality.