Tokyo University professor Tsutomu Watanabe is a former BOJ monetary policy maker
He has some sobering advice:
"The last five years have confirmed that the policy hasn't had any effect," on prices,
"At some point you have to give up"
Bloomberg with the report, goes on:
- He now thinks the central bank should scrap its efforts to stimulate prices through large-scale bond buying and instead introduce a digital currency, enabling it to accept a new price goal of zero percent inflation.
Here is the link for more …. dunno about anyone else but I reckon his views make for bizarre reading
