The Bank of Japan (BoJ) board member Yutaka Harada is back on the wires now, via Reuters, extending his thoughts on the inflation outlook.
Key Headlines:
Hard to measure inflation expectations.
Will ease further if risks threaten price target.
Downside risks are rising.
Not expecting economic recession now.
BoJ will take action without delay if needed.
Doesn’t think there is a disagreement among BoJ board members to take action.
Board agrees to address economic risks if needed.
BoJ should act immediately if economy worsens and price momentum is lost.
Can ease policy via three dimensions of current framework.
Namely quality, quantity of asset buying and interest rate levels.
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