Takaichi’s New BOJ Pick Avoids Policy Signals, Leans on Data

The Bank of Japan’s newly appointed board member Toichiro Asada played it safe at his first press briefing by indicating he would focus on data rather than emphasizing his existing views on monetary policy.

“I want to refrain from talking about the specifics of my policy stance,” Asada, an academic known for his reflationist views, said in Tokyo as he started his five-year term Wednesday. “I just became a board member” and will look to make policy decisions by examining data and information at each meeting, he said.