Policy Board: Inoue and Boj

policy board: Monetary policy, Inoue suggests, must support fiscal consolidation, according to The Japan Times. Inoue is general manager and chief researcher at the Nomura Research Institute, an economic think tank. Tetsuya Inoue, an economist auditing the BOJ for government bureaucrats, says those who worry about its finances miss the main point of much greater concern is the need to bring fiscal deficits under control. Before joining the NRI in 2008, he was an executive staff member of the BOJ's Policy Board. ; The BOJ already owns 41 percent of the Japanese government bond JGB market and 56 percent of the Japanese exchange-traded fund ETF market, assets worth a combined 490 trillion 4.4 trillion . To buy more assets, it must bid up prices. Speaking before the Diet, BOJ Gov. This exposes the bank to potential losses, especially to capital losses on its JGB holdings. (news.financializer.com). As reported in the news.