Japanese manager rejects rising interest rates

In this way, the executive has aligned itself with administrators who say that the BOJ will act slowly to get out of its financial stimulus program.

He pointed out that if rates rise, bond and equity prices would fall, companies would be affected by the yen's rise, and credit costs would rise.

He added that this would have a considerable impact on financial institutions.

Harada is voiced in front of business leaders in the coastal town of Kanazawa, in western Japan

This executive is a former academic known for being an open defender of the Monetary aid, which voted with the majority of BOJ's board of directors, including the decision of 2016 to move to focus on rates instead of printing money .

This bank should continue with its current relief policy, which causes the desired effects, to achieve the two per cent inflation target, he said.

mem / rfc