BOJ board member Makoto Sakurai on the wires again
- Now is the time to carefully watch data
- BOJ will guide policy looking at side-effects
- Such as impact on financial institutions
- Local banks are saying that "times are very tough"
- Must look at all policy options when considering modifying policy
- Economy was in somewhat of soft patch in Q1
- Progress in inflation has been slower than expected
- BOJ must continue current easing for some time
Sakurai also made comments earlier in the day here. Not too much different from what you'd hear from Kuroda, Amamiya, or Wakatabe really.
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