The Bank of Japan (BoJ) board member Funo is on the wires now, via Reuters, with the key headlines found below.
BoJ’s ultra-easy policy helping to improve output gap.
Inflation remains weak despite expansion in economy, tightening labor market.
BoJ’s forward guidance indicates it will not whittle down powerful monetary stimulus for the time being.
BoJ’s July step not intended to push up interest rates, so BoJ will conduct JGB buying promptly and appropriately if bond yields spike.
Powerful monetary easing, if prolonged, could hurt financial intermediation.
BoJ will carefully watch for risks that warrant attention in guiding policy.
Various uncertainties exist on overseas economic outlook.
Uncertainty over outlook on trade policy particularly high, so warrants attention.
Factors that are weighing on Japan’s inflation likely to gradually dissipate ahead.
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