Bank of Israel Supports BOJ Efforts

Bank of Israel Governor Stanley Fischer endorsed Japan’s efforts to end 15 years of deflation and suggested that other nations should refrain from criticizing the world’s third-largest economy.

“Japan being as sick as it was for as long as it was, you’ve got to cut them slack in allowing themselves to work their way out of this situation,” Fischer said in an interview in Washington with Bloomberg Television yesterday.

Fischer joined a growing number of policy makers expressing approval for steps by Japan’s central bank to revive its economy. International Monetary Fund Managing Director Christine Lagarde yesterday said the country has “clearly innovated,” while European Union Economic and Monetary Affairs Commissioner Olli Rehn said “very forcible policy action” is understandable.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. O

Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu