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BOJ’s Harada: BOJ will Fully Debate Additional Easing Steps If Needed to Respond to Economic Risks
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BOJ’s Harada: BOJ will Fully Debate Additional Easing Steps If Needed to Respond to Economic Risks
The Bank of Japan (BOJ) board member Yutaka Harada
returned on the wires via Reuters now, noting that in theory, BOJ has
more room left to lower rates.
Key Quotes:
Impact of lower rates on economy remains uncertain
BOJ can, theoretically, lower rates more
Rate policy has seen lower interest rates
BOJ will fully debate additional easing steps if needed to respond to economic risks
Natural to ease policy immediately if big risks to outlook materialize
If BOJ eases immediately it does not violate pledge to avoid incremental steps
Weak prices not caused by drop in crude price alone
Impact of higher import prices on yen rise not big
Strong yen won't immediately lower Japan’s prices