Actually, not ‘weekend press’ – this is from late Friday in Japan, from Etsuro Honda, an economic adviser to Prime Minister Shinzo Abe in an interview with the Wall Street Journal:
- “If there is any unexpected economic pullback, monetary policy will be the one to play the leading role”
- “The purpose of additional monetary easing would be to boost the wealth effect, by pushing stock prices higher or making the yen a little weaker”
He added that the BOJ would act in late May at the earliest and July at the latest (should the economy weaken).
Like I said, its from Friday, so it isn’t fresh. Just noting it.
More here (ungated) – BOJ Beat: Abe Adviser Calls for More Easing to Weaken Yen Should Economy Slump
