- But BOJ must leave itself the means for easing policy further if needed
- There is significant downside risk to the Japanese economy
- A move to widening the range of 10-year JGB yields target would be tantamount to a rate hike
Nothing out of the ordinary from Wakatabe. He is one of the more dovish members at the central bank, so the comments about leaving the option open for further easing isn't that surprising.
