Japan's Central Bank Should Wait for the Fed, Abe Advisor Says
- More stimulus in Japan could be ineffective if Fed holds rates
- Hamada is concerned about maximizing impact on the yen
Rate Anxiety Sets in as Central Banks Await Fed
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The Bank of Japan should wait until after the U.S. Federal Reserve decides on interest rates before acting itself, said Koichi Hamada, an economic adviser to Prime Minister Shinzo Abe.
Hamada said the BOJ risks having its efforts overshadowed if it expands monetary stimulus at its policy meeting on Sept. 21 and the Fed then just hours later decides to keep U.S. interest rates unchanged.