Dec steps don't mean more easing soon – BOJ’s Funo

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - Bank of Japan's (BOJ) newest board member Yukitoshi Funo said in an interview on Monday, the latest tactical actions taken by the central bank at its Dec 18 policy meeting imply no BOJ easing expected to happen soon.

    Key Quotes:

    Dec steps don't mean more easing soon

    Not pinpointing 2% cpi, need some leeway

    Should target 2% inflation in balanced manner

    No preconceptions if oil price drop to delay 2% cpi

    Hope wage hikes to accelerate economic growth cycle

    No preconceptions on crude oil price outlook

    Won’t judge price trend mechanically by certain data
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