The Bank of Japan (BoJ) board member Harada is on the wires now, via Reuters, commenting on the central bank’s monetary policy programme.
Key Points:
Bank of Japan easing policy is having its intended effect.
Need to continue with easing to hit the 2% inflation target.
Further easing would be needed if inflation loses momentum.
The unemployment rate needs to fall further to achieve 2% inflation target.
No sign of imbalance in financial markets.
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