BoJ board member Hitoshi Suzuki said “with the economy having lost momentum to achieve our price target due to the pandemic, our monetary easing will last even longer”
He noted that the benefits of the central bank’s ultra-easing monetary policy still outweighs the costs. however, “If a second and third wave of infection hits Japan, financial institutions’ credit costs could balloon to levels near those hit after collapse of Lehman Brothers” during the 2008/09 global financial crisis.
