12 Jun 2015
BOJ Harada talks down imminent further easing, JPY positive
FXStreet (Bali) - BOJ board member Yutaka Harada (neutral to dovish) was interviewed by the Sankei this morning, reported via Reuters, noting there is no rush for more stimulus.
The headlines are quite relevant, as Harada (read take from Nomura) is a pro-QQE, even if his opinion is not for immediate further easing. However, Harada's stance is quite similar from Governor Kuroda and the BOJ leadership, thus, the comments should be perceived as positive JPY on lower prospects of easing this year.
Key headlines
The BOJ can wait on expanding stimulus further even if inflation does not hit the 2% target by the first half of next fiscal year."
"If we can see that inflation is approaching 2 percent, I don't think we need to step on the accelerator further."
"As long as the broad price trend keeps improving there is no need to ease again."
The headlines are quite relevant, as Harada (read take from Nomura) is a pro-QQE, even if his opinion is not for immediate further easing. However, Harada's stance is quite similar from Governor Kuroda and the BOJ leadership, thus, the comments should be perceived as positive JPY on lower prospects of easing this year.
Key headlines
The BOJ can wait on expanding stimulus further even if inflation does not hit the 2% target by the first half of next fiscal year."
"If we can see that inflation is approaching 2 percent, I don't think we need to step on the accelerator further."
"As long as the broad price trend keeps improving there is no need to ease again."