BOJ dep gov on the wires speaking in Okayama following an earlier speech

  • won't decide policy just on CPI ex energy
  • hard to say now how another sales tax hike ( expected in April 2017) could affect Japan's economic policy but sees some uncertainty
  • households are accepting some higher prices
  • will guide mon pol to avoid stagnation, which is when job growth, wages, don't rise even as inflation accelerates

Nothing we didn't already know

Eamonn had earlier comments from Iwata here

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