Kuroda still speaking in his press conference
- If risks from overseas materialise, there would be monetary policy response
- But taking policy response is not our main scenario
- Lowering rates, expanding monetary base, increasing asset purchases are among BOJ policy options
As for the risks mentioned, he earlier highlighted that of US-China trade dispute - the major one - as well as stock market volatility and the Fed's rate hikes towards emerging markets. But it's not an imminent threat so far as he said that the impact towards Japan is somewhat limited so there's no need for the BOJ to resort to such measures... yet.
