In an interview with Reuters, Bank of Japan (BoJ) board member Asahi Noguchi said that the Combat The debate on the strategy to reach the target price could begin by the end of the year.
Featured statements
“The BoJ must focus on the trend of the economy if it decides to make more flexible, look at wages, employment, the output gap.”
“The Bank of Japan should relax without hesitation if a shock event pushes the economy into a severe recession.”
“If the BoJ were to relax more, it could cut interest rates, increase asset purchases or extend the duration of the yield it is targeting.”
“The BoJ’s commitment to maintain the increase in the monetary base until inflation stably exceeds 2% ‘does not have a strong effect’ on public perception.”
Market reaction
The pair USD/JPY it extended its decline following these comments and was last seen shedding 0.32% on the day at 109.53.
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