BOJ’s Suzuki: No comment on how long the current easing framework can last
|The Bank of Japan (BOJ) newly appointed board members Hitoshi Suzuki and Goshi Kataoka are out on the wires now, via Reuters, commenting on the bank’s monetary policy program and overall economic outlook.
BOJ’s Suzuki cites:
There is a lot of headwinds adding to low price growth
Expects price growth to get better
Japan's economy is improving
Good medicine can have side effects
Refuse to comment if more easing is needed
No comment on how long the current easing framework can last
BOJ’s Kataoka:
Japan's recovery is partly due to BOJ easing
BOJ policy is not only looking at rates or quantity
Meaningless to measure discussion by just counting votes
Sales tax hike, oil price drops, emerging market slowdown have constrained inflation in Japan
Adoption of specific policy steps depends on economic conditions at the time
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