Japan risks return to stagnation without early rate hike, ex-BOJ policymaker says
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TOKYO, June 1 : Japan is on the verge of repeating the policy mishap that led to decades of economic stagnation as Iran war-induced inflation risks forcing the central bank to raise rates aggressively if it doesn't act on time, former Bank of Japan board member Makoto Sakurai said on Monday. The energy shock triggered by the conflict has led policymakers to look at past experiences for a possible solution including BOJ Governor Kazuo Ueda, who flagged the two oil shocks in 1973 and 1979-1980 as
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