March 5, 2018 / 7:04 AM / a year ago

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

Masayoshi Amamiya, a nominee for Bank of Japan deputy governor, attends a confirmation hearing in the lower house of parliament in Tokyo Japan March 5, 2018. REUTERS/Toru Hanai

TOKYO (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 scrutinize the costs and benefits in guiding monetary policy.

Reporting by Leika Kihara and Tetsushi Kajimoto; Editing by Chris Gallagher

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