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Toshiro Mutoh: Quantitative easing and structural reform in Japan

Time:2013-04-08 15:15:25    Views:336383    Origin:Boao Forum for Asia

Toshiro Mutoh: Chairman, Daiwa Institute of Research

 

“We should not rely on quantitative easing to resolve everything, we need structural reform.  We have to take actions to change policies, but the question is how.  This is an important issue, but in terms of execution or implementation there is no effective action being taken.  I think the monetary policy itself cannot solve the problems of decreasing competitiveness of Japan.”