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The Bank of Japan should aim to lower long-term interest rates and risk premiums to energize the economy and push up consumer prices, Haruhiko Kuroda, the government's nominee to be the successor of the central bank governor post, stated on Monday.
Kuroda, 68, president of the Asian Development Bank and an advocate of aggressive monetary easing, also announced that it is vital for the central bank to go through asset prices when directing monetary policy.
Last month, Prime Minister Shinzo Abe nominated Kuroda, Japan's former top currency diplomat, to be the next Bank of Japan governor in a shift for radical BOJ easing to stop nearly two decades of deflation.
