Comments by BOJ executive director, Kimihiro Etoh

  • There are various uncertainties surrounding the economy
  • Inflation likely to gradually accelerate towards 2%
  • But uncertainties do exist on this forecast
  • Central bank will continue to take appropriate policy steps
  • Japan's financial system is maintaining stability

With most global central banks having turned their backs and are suggesting more easing measures, the BOJ is put in a rough spot as they very much want to follow suit but are unable to because the government wants them to "play it cool" in order to justify its October sales tax hike proposal.