Abe’s adviser Honda: "More than a 50% possibility of bold monetary easing measures" next month from BOJ
|An adviser to Prime Minister Shinzo Abe, Etsuro Honda said in an interview with the WSJ that the Bank of Japan (BOJ) many resort to aggressive easing at its policy review meeting scheduled next month.
Key Quotes:
More than a 50% possibility of bold monetary easing measures" next month from BOJ
“However they conduct the assessment, there is already an answer: Monetary policy hasn’t been eased enough,”
if the central bank began to rein in its stimulus after the review without achieving its 2% inflation target, “we would never, ever be able to get out of deflation,”
The yen’s strength “is clearly excessive, and this is because…people think it must be difficult to further loosen monetary policy.”
“But I think it is fine for us to take bolder policy measures [on the yen], no matter what the U.S. may say,”
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