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The Bank of Japan (BoJ) board member Funo is out on the wires now, via Livesquawk, commenting on the Japanese economy and monetary policy programme.

Key Headlines:

Need to patiently promote strong monetary easing under the current framework.

Momentum towards 2 percent price target in place, still distance to price target.

Risk of instability in the financial system is not large.

Prices remain weak, downside risk to medium to long-term inflation expectations large.

Expects the pace of economic growth to slow in fiscal years 2019 and 2020.