BOJ’s Sato: BOJ does not rule out additional policy steps

Author: Eamonn Sheridan | Category: News


  • Wont hesitate in fine-tuning policy flexibility if unexpected risks to economy arise
  • Won’t rule out option of offering longer-term fixed rate funds via market operations
  • Annual CPI growth likely to turn positive this summer
  • Chance of 2% inflation in 2 years not necessarily high
  • Goal of BOJ’s policy will be fulfilled if prices stabilise at a certain range with a median of 2% growth
  • Worries on China economic slowdown, but doesn’t see it as a huge constraint to Japan’s recovery
  • Chinese authorities focus on quality of growth likely to contribute to global economic stability in the long run
  • Risks to global economy are tilted to the downside but no change to the view that it will resume moderate recovery

Headline via Reuters

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