BOJ’s deputy governor warns against premature monetary tightening By Reuters
By Leika Kihara TOKYO (Reuters) -The Bank of Japan must avoid reducing stimulus prematurely and instead stand ready to ramp up monetary support if the economy worsens, deputy governor Masazumi Wakatabe said, warning of heightening uncertainty caused by the coronavirus pandemic. Wakatabe said he saw no need to ease policy immediately as robust exports and capital expenditure underpin Japan's fragile economy by offsetting the weakness consumption. But he added the timing of the recovery would be delayed, as a spike in Delta variant cases threatens his earlier forecast that steady vaccinations will prop up growth. "If...
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