Former BOJ Deputy Governor Nakaso: Global central banks to remain accomodative for longer

The global central banks are reverting back to accommodation and will likely keep policies looser for longer, Bank of Japan's (BOJ) Former Deputy Governor Nakaso reportedly said on Monday. 

While renewed accommodation is good in the short-term, a prolonged monetary could prove a net negative, Nakaso added. 

BOJ's board is already divided between those who are becoming increasingly wary of the rising cost of prolonged easing and those who feel more easing will help the central bank achieve its inflation target sooner-than-expected.