Bloomberg News

Iwata as BOJ Leader May Bring More Easing, Shinkin Says

February 13, 2013

Tomomi Yamashita, a senior fund manager at Shinkin Asset Management Co. in Tokyo, which oversees about 500 billion yen ($5.6 billion), comments on the Bank of Japan’s policy decision today. The central bank kept its asset- purchase fund unchanged at 76 trillion yen ($813 billion) ahead of Governor Masaaki Shirakawa’s resignation next month.

“The market wasn’t expecting any changes from the BOJ policy meeting today.

‘‘There is a lot of expecation about the Bank of Japan’s future. If the dovish Kazumasa Iwata takes the governor’s position, there is hope we’ll see more monetary easing.

‘‘Rather than just what the Bank of Japan may do policy- wise, the optimism is more that the government and BOJ will work together to help the economic recovery.

To contact the reporter on this story: Anna Kitanaka in Tokyo at akitanaka@bloomberg.net

To contact the editor responsible for this story: John McCluskey at j.mccluskey@bloomberg.net


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