Japan’s Shibato: BOJ should take into account side-effects of ultra-loose monetary policy

Japan's Regional Banks Association Chief Takashige Shibato was on the wires last minutes, via Reuters, noting that the Bank of Japan (BOJ) should take into account the side-effects of ultra-loose monetary policy.

Additional Comments:

BOJ said it will achieve 2% inflation in two years, but six years have passed.

The policy does provide sufficient benefits to the economy.

But various side-effects are emerging in areas like financial intermediation and bond market functionality.