BOJ Amamiya spoke earlier - ready to ease more in event of financial crisis

Author: Eamonn Sheridan | Category: Central Banks

Bank of Japan deputy governor Masayoshi Amamiya spoke in parliamewnt earlier.

  • Said the Bank would deploy monetary policy tools if a financial crisis threatens to destabilise the country's banking system
Srsly, the BOJ will deploy monetary policy tools if anyone in Japan sneezes. 
Anyway … more:
BOJ will learn from the lessons of Japan's asset-inflated bubble economy in the late 1980s
  • "One of the factors that led to Japan's asset-inflated bubble was the fact we kept monetary policy easy even as the economy continued to expand," Amamiya said in parliament. "The BOJ must be mindful of the potential risks to the economy and prices, including financial imbalances"
  • "In terms of monetary policy, we're ready to respond if financial problems have a big impact on the economy." 
Via Reuters.

Amamiya-san, please note Japan is a long way from the '80s dude. 

Bank of Japan deputy governor Masayoshi Amamiya in 1980s

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