BOJ Deputy Governor Amamiya: BOJ must support economy with monetary easing

Amamiya speech, full text is here

more to come

• We are aiming to achieve average 2% inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term, not a temporary rise to that level
• We will judge sustainability of inflation, looking comprehensively at various indicators, price outlook, output gap, inflation expectations and wage moves
• What's important is to create positive cycle where wages, inflation rise simultaneously
• BOJ must support economy with monetary easing as recovery not solid, wage development remains uncertain
• Japan's real interest rates are falling as households' inflation expectations heightening, while nominal rates are kept low
• We must not lose our grip on keeping monetary conditions easy as there is no prospect yet of meeting out 2% inflation target sustainably
• BOJ will see sustained, stable achievement of price target, accompanied by wage rises via easy monetary policy