Economy BOJ’s Iwata: Policy review to focus on mechanism, obstacles to QQE

BOJ’s Iwata: Policy review to focus on mechanism, obstacles to QQE

Bank of Japan Deputy Governor Kikuo Iwata.
Bank of Japan Deputy Governor Kikuo Iwata.

Bank of Japan Deputy Governor Kikuo Iwata said on Thursday that a comprehensive review of the central bank’s monetary policy due next month would focus on the transmission mechanism and obstacles to its monetary policy.

The review is not meant to transmit a specific direction for future monetary policy, Iwata said, according to the text of a speech.

Iwata also said the combination of fiscal spending with quantitative easing was not equivalent to so-called “helicopter money” or the monetization of government debt.