Atsushi Mizuno
Atsushi Mizuno
activity bank cause central demand drastic economic force grow policy prolonged rates stimulate swing zero
If expectations for prolonged zero rates grow excessively, that may stimulate demand too much, cause a swing in economic activity and force the central bank to make drastic policy changes.
adjustment bond conduct easing ensure goals main market monetary policy remains
The main goals in the conduct of monetary policy after quantitative easing will be to ensure that the ensuing adjustment in the bond market remains orderly.
bank central fueled low monetary policy steer
The central bank should steer its monetary policy so that expectations are not fueled too much that the low interest-rate policy will be prolonged.
expect lofty remain short volatility
We can expect volatility in the short and intermediate sectors to remain at lofty levels.