BOJ’s Usual Stance Amid Uncertainty Is to Hold, Ex-Official Says

The Bank of Japan’s usual approach to conducting policy at times of high uncertainty would be to wait and see, making the likely outcome of a meeting this month too close to call, according to a former executive director who oversaw monetary policy at the central bank.

Developments in the Middle East are “putting the BOJ in a very difficult situation right now,” Kazuo Momma, the former BOJ official, said on Bloomberg TV Monday.