BOJ’s Adachi: Will ease policy further only in extreme cases

Dhwani Mehta FXStreet

Bank of Japan (BOJ) board member Seiji Adachi is back on the wires, via Reuters, commenting on the monetary policy outlook.

Key quotes

BOJ will ease policy further only in extreme cases where a renewed spike in covid infections trigger sharp yen rise, stock falls.

I am still open on whether to extend the March deadline of pandemic-relief programmes.

Big firms' funding condition easing but want to look at developments regarding new covid variant, when asked if BOJ will extend march deadline for pandemic-relief programmes.

Japan's wages may not rise in the short-term but may gradually increase in the medium- and long-term.

USD/JPY unfazed

USD/JPY keeps its range around 113.50 on the above comments, +0.30% on the day.

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.

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