BOJ Kataoka: Japan's economic recovery is not fast enough
The Bank of Japan (BOJ) board member Goushi Kataoka raised concerns over the pace of the Japanese economic recovery on Thursday, noting that it is ‘not fast enough’.
Additional quotes
BOJ will ease further without hesitation if needed.
My personal view is that the BOJ should aggressively buy bonds, push down yields to prop up capex, investment in growth areas.
BOJ must strengthen forward guidance on interest rate targets.
Japan's economy heading toward recovery but not fast enough.
Japan's economy likely to recover as a trend.
Risks to Japan's economic outlook skewed to downside.
Downside risk to consumption heightening.
Exports likely to increase as a trend for time being.
downward pressure on Japan prices easing but inflation far from accelerating toward BOJ's 2% target.
Japan's economy lacking momentum to push up inflation toward 2% target.
Market reaction
USD/JPY is trading modestly flat around 109.95, licking its wounds after the US ADP-led sell-off in the US dollar.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
