March 5, 2018 / 6:49 AM / 18 days ago

BOJ deputy gov nominee Amamiya: benefits of easy policy outweigh cost

TOKYO, March 5 (Reuters) - Bank of Japan Executive Director Masayoshi Amamiya said on Monday the benefits of the central bank’s massive monetary stimulus were outweighing the side effects.

Amamiya, a nominee for one of the two BOJ deputy governor posts, told a confirmation hearing in parliament’s lower house that the bank would scrutinise the costs and benefits in guiding monetary policy. (Reporting by Leika Kihara and Tetsushi Kajimoto; Editing by Chris Gallagher)

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