BOJ’s Nakaso: Strong downside risks exist for Japan's economy

Bank of Japan (BOJ) board member Nakaso was out on the wires via Reuters, noting that BOJ needs to wait and watch the effects of the central bank’s negative interest rates policy.

Key Quotes:

Strong downside risks exist for Japan's economy

Some time needed for positive effects of negative rates to spread through economy

Will take additional policy steps if needed

Looking at economy, prices at each meeting