BOJ’s Masai: Must watch Brexit impact on Japan growth, prices
|Bank of Japan (BOJ) newest board member Takako Masai is now on the wires via Reuters, noting that the central bank needs to closely monitor the impact of the ongoing uncertainty on overall economic sentiment.
Key Quotes:
Brexit increases uncertainty over global economy
Must watch Brexit impact on Japan growth, prices
Negative rate pushing down JGB yield curve
No comment on overall assessment of negative rate
No comment if 2% CPI to be achieved during fy2017
In globalised world, hard to predict outlook on Japan economy, prices based on domestic policy alone
Forex not reflecting fundamentals undesirable
Excessive fx moves to restrict capital investment
Govt should ensure credibility of fiscal conditions
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