Bank of Japan Governor Haruhiko Kuroda has played down fears that his turbo-charged monetary...

|By:, SA News Editor

Bank of Japan Governor Haruhiko Kuroda has played down fears that his turbo-charged monetary easing will cause an asset bubble. "I don't think there's a bond or stock market bubble now and I don't see one emerging any time soon. But we will be vigilant of the risk," Kuroda told parliament. BNP economist Hiroshi Shiraishi begs to differ, saying that if this kind of policy is to work, it does so "by distorting asset markets."