‘Further monetary easing is absolutely essential’ – Abe’s advisor Yamamoto

FXStreet (Mumbai) - Kozo Yamamoto - one of the architects of Prime Minister Shinzo Abe's economic policies dubbed "Abenomics" and a member of Japanese Parliament told Reuters, the Bank of Japan (BOJ) has to act when reviewing its monetary stimulus measures at its next policy meeting scheduled for April 30.

Key Quotes:

"The economy is at a standstill and prices are seen falling ahead. To do nothing isn't an option for the Bank of Japan (BOJ),"

"Further monetary easing is absolutely essential to ensure that the Japanese don't slip back to a deflationary mindset,"

"There are various ways the BOJ can loosen policy, such as topping up purchases of government bonds, corporate bonds and trust funds investing in property, as well as diversifying the type of assets it targets."

"There's no need to worry about that now,"

"I think the Abe administration's top priority is to revive the economy,"

"Further BOJ easing will also contribute to the global economy."