Thaksin criticises central bank
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Former prime minister Thaksin Shinawatra warned Friday that a lack of cooperation between the central bank and the Finance Ministry in reining the strengthening baht could lead to a new financial crisis for Thailand.
The latest message in his Facebook account (www.facebook.com/thaksinofficial), posted Friday afternoon, said Japan could achieve a GDP growth of 3.5 per cent in the first quarter because the Bank of Japan works directly under the Japanese government.
He said a problem for Thailand was that the Bank of Thailand was independent from the Thai government, and he accused the central bank of refusing to listen to the government.
“They [the Japanese] have a holistic approach to deal with their economic problems. Their monetary policy and the fiscal policy are well united,” Thaksin said.
The Nation
