More comments from BOJ’s deputy governor Nakaso, speaking to reporters in Okinawa:
Ending deflation is BOJ’s mandate
Will find ways for additional easing if needed
Won’t give up on the fight to eradicate deflation
Important to maintain market confidence over Japan’s finances
Doesn’t think negative rates will severely hurt Japanese banks’ intermediary functions
G20 shares a stronger understanding that monetary policy alone can’t achieve balanced economic growth
(Market News Provided by FXstreet)