TOKYO (Reuters) – Bank of Japan Deputy Governor Masazumi Wakatabe said on Thursday it was premature to normalise monetary policy now as the economy is only just recovering from the coronavirus pandemic’s damage.
“It would be premature to tighten monetary policy before inflation hits the BOJ’s target, as doing so could cripple the economy’s recovery,” Wakatabe said in a speech.
(Reporting by Leika Kihara; Editing by Sam Holmes)
