BOJ’s Harada: Difficult to determine what currency level reflects fundamentals

Additional comments from BOJ’s Harada hitting the wires, as he continues to jawbone the Japanese currency in Tokyo:

Cannot say whether or not yen gains are in line with fundamentals

Difficult to determine what currency level reflects fundamentals

Negative interest rates will benefit companies that take a proactive business stance

Cannot say whether or not risks to outlook have materialized here

It is possible to meet price target but timing will be delayed

Strong Yen does weaken upward pressure on prices

Inflation expectations will improve once Oil price decline fades away