BOJ deputy governor out on Reuters 26 July

  • upward momentum in prices is intact
  • productivity is improving, will lift potential growth rate
  • still think ETF purchases are necessary but wee decide on this at each policy meeting
  • think the benefit of ETF purchases currrently outweigh costs
  • sees no problems with liquidity or functioning of JGB market
  • expect labour shortages to encourage structural reforms
  • discussing exit strategy too early, can cause market turbulence

Market turbulence? Bring it on. Please!

USDJPY still 111.93 unfazed by the headline.

Nakaso sees no need to ease policy