Comments by BOJ deputy governor, Masayoshi Amamiya
- Still expects inflation will accelerate to 2% target
- Won't hesitate to ease policy if momentum to hit inflation target is disrupted
- BOJ does recognise that downside risks are strong
- Many countries' policymakers share the view that global economy will recover in 2H
- BOJ is watching carefully how downside risks could affect economy, inflation
- No change to view that momentum in achieving inflation target is sustained
- Will make policy decisions based on the view if economy is able to sustain momentum to hit inflation target
Not anything new from Amamiya with his remarks here. The BOJ is continuing to stick to its view that domestic conditions will improve in 2H 2019 but let's see if that is the case. Either way, with the global economy struggling in general, they will have to be wary of further yen strength as well later on in the year.
