The president of the Bank of Japan (BOJ), Haruhiko Kuroda, has reiterated that they will not hesitate to further ease monetary policy if necessarywhile speaking at the press conference following the monetary policy decision.
Additional comments
It is appropriate maintain the current and powerful monetary easing to support the economy.
There is upward pressure on bond yields.
It is important that the currencies move in a stable way reflecting the fundamentals.
The recent rapid weakening of the yen is negative for the economy.
We will closely monitor the impact of currency movements in the economy and prices.
It is important for profitable companies that benefit from the weak yen to increase their investments and wages, to reinforce the virtuous cycle of revenues and expenses.
Future financial and economic prospects are highly uncertain.
Source: Fx Street
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