BOJ gives early sign of lift-off with warnings on the costs of easing
Reuters citing "according to people familiar with the central bank's thinking"
(that could be any of us, right?)
- BOJ sees no immediate need to withdraw stimulus,
- regards weak price growth as its most pressing policy challenge
- But bank officials are now more vocal on the rising cost of prolonged easing, such as the hit to bank margins - a sign that their next move would be to roll back stimulus rather than expand it, the people said.
- "The change in tone doesn't have immediate policy implications, but it's probably intentional," one of the people said.
There is more to the piece, worth a read on this Asian session: BOJ gives early sign of lift-off with warnings on the costs of easing