Comments by BOJ board member Yukitoshi Funo
- Side effects to accumulate if easing is prolonged
- Cannot rule out additional easing if economy is hit by shock
- US-China trade friction could hurt Japan's economy through slowdown in China
- No severe impact seen for now
- US election outcome likely within market expectations
There's been plenty of debate lately with regards to the BOJ's easing policies as they are strangling banks - with profit margins being squeezed. However, the central bank has maintained that they won't let up on the easing policies just yet despite the situation. It'll be interesting to see how the banks hold up if this carries on for the next few years.
