BOJ’s Funo says won’t ease in response to short-term price dips – Nikkei

FXStreet (Mumbai) – In an interview with the Nikkei newspaper earlier on the day, Bank of Japan (BOJ) board member Yukitoshi Funo said that the central bank will not consider just a specific economic or price indicator to assess whether further monetary easing is required, while it will look at the long-term economic trend in guiding monetary policy.

Key Quotes:

“We’re seeing fewer companies offer discounts and examples like these, which do not clearly appear in price indices, are pushing up corporate profits.”

“The BOJ doesn’t necessarily need to ease policy in response to short-term moves in financial markets.”

“It won’t ease just because one indicator, such as the core consumer price index, fell by a certain degree.”

In an interview with the Nikkei newspaper earlier on the day, Bank of Japan (BOJ) board member Yukitoshi Funo said that the central bank will not consider just a specific economic or price indicator to assess whether further monetary easing is required, while it will look at the long-term economic trend in guiding monetary policy.

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