The Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya is back on the wires now, via Reuters, commenting on the inflationary pressures.
Key Points:
Central bank excludes temporary factors when gauging inflation trend.
Impact of temporary factors like the sales tax hike should be removed when gauging the inflation trend.
Deflationary mindset of households, companies and corporate streamlining are among factors weighing on inflation.
BOJ should do utmost to hit inflation target now.
BOJ can exit smoothly when it is needed.
Exit strategy talk should start when inflation target is in sight.
Will communicate to markets the strategy for exiting at some point.
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