Bank of Japan deputy governor nominee, Masazumi Wakatabe, staked out an aggressive position in front of a Lower House committee on Monday, stating that ¡°there are no limits to monetary policy.¡±
His comments stood in stark contrast to his future co-worker, deputy governor nominee Masayoshi Amamiya, who instead stressed that monetary policy must also take into consideration financial stability.
Their differences foreshadow a looming battle within the central bank¡¯s Policy Board over how and when to exit one of modern history¡¯s greatest monetary experiments.
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