BOJ’s Iwata: Won't hesitate taking further easing measures if needed

Bank of Japan (BOJ) deputy governor is out on the wires now, via Reuters, noting that the central bank is ready to implement further measures, if required.

Key Headlines:

Won't hesitate taking further measures if needed

No change in BOJ approach of easing via asset purchases and interest rates

Yield curve control can only be achieved by massive JGB buying by BOJ

Japanese economy likely to continue expanding moderately

Some argue that BOJ has shifted policy focus from quantity to interest rates but such understanding is inappropriate

Want to stress anew that monetary base will continue to expand under BOJ’s new policy framework

Exports likely to increase moderately from fiscal 2017

New US administration's policy direction warrants close attention as its economic measures exert great influence on global economy, markets

Expect Japan household spending to gradually increase as job market improves steadily

Japanese CPI to remain flat or slightly negative for time being then gradually increase towards 2%

Very important for wages to rise for Japan to see inflation accelerate as a trend

There is no doubt BOJ's QQE policy was effective in pulling Japan out of deflation