• But ongoing Island dispute with China had no bearing on today’s decision
  • Doesn’t think BOJ’s policy is any less bold than the Fed’s
  • Europe’s debt crisis remains the biggest problem and threat to the Japanese economy
  • Has downgraded main scenario for outlook of Japan’s economy
  • BOJ will remove floor rate for ‘Rinban operations ‘ (bond buying which targets level of bank reserves)
  • US economic outlook remains uncertain

The central bank governor was speaking to reporters in Tokyo