BNP Paribas SA (BNP) economist Ryutaro Kono, rejected by lawmakers as a nominee for the Bank of Japan (8301)'s board, said politicians are proposing monetary policies that are "divorced from reality."
Politicians are spreading "sweet words" that such policies will reduce the public's burden, he said in an e-mailed note today. Kono is surprised that even conservatives are promoting such views, he said.
(Bloomberg)
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