BOJ's Harada: Central bank could extend forward guidance if it needed to ease more
Further comments by BOJ board member, Yutaka Harada
- Says BOJ could strengthen forward guidance by committing to keep ultra-easing policy for longer than expected
- Cutting rates, increasing asset purchases or pace of money printing also among steps if BOJ were to ease more
Plenty of talk on keeping the current easing monetary policies in place, nothing out of the ordinary from the BOJ but Harada's remarks today are certainly more towards the end of the dovish scale. If anything else, it goes to show that there's still much work to do before market participants will be convinced of the BOJ moving away from their current stance.