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BoJ'S Masai: Necessary to continue easing to support growth
Bank of Japan's board member Masai has said that the downside risks to Japan's economy, prices have subsided somewhat but remain high.
Key notes
- Must ease if must ease without hesitation if risks materialise, increase chance economy will lose momentum for hitting price goal.
- It is natural concerns emerging that prolonged global low rates could encourage firms, investors to take on more risk.
- Necessary to continue easing to support growth.
- I am aware of such concerns, including how declining rates of return on pension products could have negative impact on economic activity.
- It is still indispensable that japan persistently continue with current monetary easing to overcome deflation completely.
- BoJ will devise measures considered necessary at the time, conduct policy in appropriate manner with eye on pros, cons of its policy.
- Global economy expected to grow moderately on the whole, though it will take some time for growth pace to pick up.
Author
Ross J Burland
FXStreet
Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.
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