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European Central Bank can learn from Japan

CCTV.com

01-23-2015 02:33 BJT

On the subjezt of Eurozone QE, Japanese Prime Minister Shinzo Abe's adviser says the European Central Bank can learn from Japan.

"I think that, probably the biggest similarity (between Japan and the euro zone) is how deflation is coming about and impressions there. It's always better to start early. In the case of ECB and Europe, you have a good case of Japan to learn from. From Europe which I think is fundamentally different from Japan is that for many, many different countries put together with different ways of thinking, I think for the Japanese government the issues aren't minimal but at least you have a populace which is not as complex to implement these issues," said William Saito, the advisor of Shinzo Abe.

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