Professor Takatoshi Ito, director of CJEB's Program on Public Pension and Sovereign Funds, and professor at the School of International and Public Affairs at Columbia University, wrote the Project Syndicate article "The Bank of Japan's Go-Slow Policy Normalization." Professor Ito discusses the Bank of Japan's cautious approach to monetary policy normalization, stating, "The Bank of Japan has consistently sent the message that its monetary-policy normalization will be cautious and data-dependent. This makes it unlikely that the BOJ's policy board will decide to raise interest rates and begin reducing government-bond purchases at the same meeting."
Mentioned Faculty
Takatoshi Ito
Takatoshi Ito is one of Japan premier economists. A professor at the prestigious University of Tokyo, he is the author or co-author of several books on the Japanese and global economy. He served in the Japanese government as Deputy Vice Minister for International Finance in the Ministry of Finance and was a member of Japan’s Council on Economic and Fiscal Policy. He has been a senior advisor in the research department of the International Monetary Fund and has taught at Harvard University and the University of Minnesota.