<div id="readability-page-1" class="page">TOKYO, April 1 : Japan may face stagflation risks from the Iran war that would be challenging to deal with using monetary policy, new Bank of Japan board member Toichiro Asada said on Wednesday. With Japan having emerged from deflation and now facing inflation, the BOJ can no longer focus solely on keeping monetary policy loose, said Asada, who is viewed as an advocate of expansionary monetary and fiscal policy. Surging crude oil prices due to the Middle East conflict are increasing inflationary pressures, though raising interest rates to deal with the problem could hurt factory output and jobs, he said. &#34;Japan could be in a stagflationary trend,&#34; Asada said at his inaugural news conference after joining the nine-member board on Wednesday. &#34;It's hard to deal with such a situation with monetary policy.&#34;</div>

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<p>New Bank of Japan board member Toichiro Asada warned that Japan may face stagflation risks due to the Iran war, complicating monetary policy responses. Asada noted that rising crude oil prices are increasing inflationary pressures, making it difficult to maintain loose monetary policy without harming factory output and jobs. He emphasized the challenges of addressing stagflation with monetary policy at his inaugural news conference.</p>

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New BOJ board member warns of stagflation risk from Iran war