Ex-BoJ Economist Hayakawa: Japan may slip into recession either in 2019 or 2020

Former Bank of Japan (BoJ) Economist Hideo Hayakawa was on the wires last minutes, speaking about the Japanese economic outlook in an interview with Reuters.

Key Points:

Japan may slip into recession either in 2019 or 2020.

BoJ may tolerate bond yield rises to around 0.4% under new July guidance.

With new guidance, BoJ can now conduct "stealth" rate hikes.