The Bank of Japan issued a rare apology on Friday over a board member’s praise for Adolf Hitler’s economic policies. Yutaka Harada, a member of the central
The Bank of Japan issued a rare apology on Friday over a board member’s praise for Adolf Hitler’s economic policies.
Yutaka Harada, a member of the central bank’s Policy Board, told a seminar on Thursday that Hitler’s economic policies had been “appropriate” and “wonderful” but had enabled the Nazi dictator to do “horrible” things to the world.
“The Bank of Japan views with regret the fact that the remarks of one of its board members have become a source of misunderstanding, and will see to it that such incident will not repeat itself, ” the central bank said the same day.
Harada, a member of the bank’s nine-member Policy Board, told the seminar that Western policymakers helped bring Hitler to power by being slow to apply John Maynard Keynes’ proposals to fight the Great Depression.
