Boj Nakaso: Both Monetary Easing, Structural Reforms are Essential to Overcome Deflation, Achieve Sustainable Growth

Boj Nakaso: ECB Has responded very Proactively to Risks, Being First Among Major Central Banks to Introduce Negative Rate Policy and Combining It With Asset Purchases

Boj Nakaso: Explaining more Persuasively That Monetary Policy Steps are needed to Achieve Sustainable Economic Growth Seems to be a Challenge Boj, ECB have in Common

Boj Nakaso: Must Clearly Explain Effects of Monetary Policy Should be assessed in Terms of Macroeconomic Effects Such As Benefits from rise in Employment, Wages

Boj Nakaso: Virtuous Cycle Between Moderate rise in Inflation, Wage Growth Has remained in Place