Bank of Japan board member out with some comments 8 Feb
- now is time to monitor whether companies move to hike wages, prices as recovery broadens
- there is a chance BOJ will adjust policy in future if prolonged easing poses severe problem to Japan's banking system
- do not see big disruption caused by BOJ's easy policy on bank profits, Japan's banking system
- ETF buying is necessary step now to achieve price goal at earliest date possible
- doesn't see big disruption to bank profits caused by BOJ easy policy
- there is a chance BOJ will adjust policy in future if prolonged easing poses severe problem to Japan's banking system
- can not buy ETFs forever
- may fine tune YCC in future
- there is a chance BOJ may raise yield targets to heighten sustainability of YCC
- cut in bond operations has no policy implication
USDJPY currently 109.65 just off session highs after steady rise from 109.10
Offers/res now between 109.80-110.00 again.