Dec steps don’t mean more easing soon – BOJ’s Funo

By FXStreet FXStreet (Mumbai) – Bank of Japan’s (BOJ) newest board member Yukitoshi Funo said in an interview on Monday, the latest tactical actions taken by the central bank at its Dec 18 policy meeting imply no BOJ easing expected to happen soon.

Key Quotes:

Dec steps don’t mean more easing soon

Not pinpointing 2% cpi, need some leeway

Should target 2% inflation in balanced manner

No preconceptions if oil price drop to delay 2% cpi

Hope wage hikes to accelerate economic growth cycle

No preconceptions on crude oil price outlook

Won’t judge price trend mechanically by certain data
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Source:: FX Street