BoJ’s Masai: Ultra easy monetary condition created by YCC giving powerful support to economy
|Comments crossing the wires from the BoJ board member Masai, via Reuters, are found below.
Ultra easy monetary condition created by YCC giving powerful support to the economy.
Must continue to look at effects, side effects of QQE.
Most important is for BOJ to guide monetary policy with determination to hit price target.
Govt, BOJ must ensure there is smooth communication with each other on policies.
Downside risk regarding overseas economies receding.
Expect Japan's economy to continue moderate expansion.
Inflation likely to accelerate toward 2 % as companies raise wages, prices on steady rises in consumption.
Personally see quite significant downside risks to Japan's inflation outlook, while risk to economy limited.
There is strong uncertainty on how broadly firms will raise price ahead.
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