BOJ board member Koji Ishida (seen as centrist among the nine policy-board members) spoke yesterday (BOJ’s Ishida: Japan’s economy continues to recover moderately) and followed up with a press conference (BOJ’s Ishida says companies are more actively passing on higher costs to consumers).
The Wall Street Journal overnight recapped his comments, saying:
- He expressed concerns about the strength of Japan’s economic recovery
- Tepid household spending data earlier in the day
- Suggests the BOJ is cautious about growth in the months ahead
- Ishida’s comments suggest the central bank isn’t fully confident the economy will get firmly and swiftly onto a recovery trend
More detail at the article, which is gated: BOJ Board Member Voices Concern About Consumption, Exports
