- economy must stay firm for this trend to continue
- BOJ will look at various elements of economy and prices in judging whether its price target has been met
- economic data fluctuates every month so hard to set a singe indicator in determining if BOJ’s price target is met in a “stable manner”
Rtrs reporting but the comments are nothing new
USDJPY 101.96 still capped by offers above 102.00
Add:
- Isihida says his view is that BOJ’s 2% inflation target is not a rigid one but one that leaves room for policy flexibility
- wants to carefully monitor geo-political risks
