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BOJ’s Harada: BOJ will fully debate additional easing steps if needed to respond to...

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Bank of Japan (BOJ) board member Yutaka Harada returned on the wires via Reuters now, noting that in theory, BOJ has more room left to lower rates.

    Key Quotes:


    Impact of lower rates on economy remains uncertain

    BOJ can, theoretically, lower rates more

    Rate policy has seen lower interest rates

    BOJ will fully debate additional easing steps if needed to respond to economic risks

    Natural to ease policy immediately if big risks to outlook materialize

    If BOJ eases immediately it does not violate pledge to avoid incremental steps

    Weak prices not caused by drop in crude price alone

    Impact of higher import prices on yen rise not big

    Strong yen won't immediately lower Japan’s prices
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