FXStreet (Mumbai) – Bank of Japan’s (BOJ) newest board member Yukitoshi Funo said in an interview on Monday, the latest tactical actions taken by the central bank at its Dec 18 policy meeting imply no BOJ easing expected to happen soon.
Key Quotes:
Dec steps don’t mean more easing soon
Not pinpointing 2% cpi, need some leeway
Should target 2% inflation in balanced manner
No preconceptions if oil price drop to delay 2% cpi
Hope wage hikes to accelerate economic growth cycle
No preconceptions on crude oil price outlook
Won’t judge price trend mechanically by certain data
(Market News Provided by FXstreet)