BOJ’s Sakurai: No change to BOJ's stance of continuing with monetary easing

Bank of Japan (BOJ) board member Sakurai is now crossing the wires, via Reuters, expressing his take on the bank’s new policy framework and inflation prospects.

Key Headlines:

BOJ's new policy framework working smoothly for now

BOJ's new policy framework enhanced policy flexibility, sustainability

BOJ will continue to buy huge amounts of JGBs to control interest rates

No change to BOJ's stance of continuing with monetary easing via interest rate, quantity of asset buying

No magic wand to emerge from low inflation, low growth plaguing Japan's economy

BOJ will strive to keep prices stable but govt, private sector must also play role to boost Japan’s growth

Hard to eradicate uncertainties on global economy in short term

Details on new us administration's policies unknown so need to watch developments cautiously