S&P's Sheard: BOJ policy has worked well in supressing the yield curve

S&P's chief global economist Sheard:

• Some criticism of BOJ's negative rates is misplaced
• BOJ policy has worked well in supressing the yield curve
• It is better for Japan not to hike the consumption tax next year

Bloomberg with the headlines

Earlier I posted on Japanese corporates supporting Abe's decision not to hike the sales tax next year, looks like Sheard is down with that.