European officials should not worry about following in the footsteps of the BOJ when it comes to monetary policy, according to the chief economist of Nomura Research Institute.
European officials should not worry about following in the footsteps of the Bank of Japan when it comes to monetary policy, according to the chief economist of Nomura Research Institute.
The move has prompted concern among some market participants, with Europe's central bank potentially set to mirror steps taken by the BOJ. 'Japanization' refers to the idea that an economy could endure a sustained period of low-growth expansion accompanied by low levels of inflation. As a result, interest rates tend to stay low.
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