Senior BOJ Official: Risks to the economic, price outlook skewed to the downside
|The risks to the economic and inflation outlook are tilted to the downside, Reuters reports, citing comments from Seiichi Shimizu, a senior Bank of Japan (BOJ) official.
Additional quotes
Various uncertainties exist over outlook of Japan prices.
Consumer prices likely to remain negative for time being on one-off factors, gradually rise thereafter as economy improves.
Risks to economic, price outlook are skewed to downside
Recent sharp rise in Japan's money stock due to huge govt stimulus, aggressive lending by banks.
Market reaction
USD/JPY is attacking the 106 level on its retreat from five-month highs of 106.43, as the yen stands resilient to the comments from the BOJ official.
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