Japan’s Ito: BOJ likely to ease in June or July

By FXStreet Former MOF official and aide to Japan’s PM Abe, Takatoshi Ito, was on the wires earlier today, commenting on the BOJ’s monetary policy and also on the latest chatter about intervention in FX markets.

Key Quotes:

BOJ likely to ease in June or July with an eye on Q1 GDP and outcome of G7 summit

Unthinkable for BOJ to resort to helicopter money

Japan unlikely to gain G7 consent for co-ordinated fiscal policy action at summit this month

Whether Japan can intervene in FX market depends on whether it can convince US that yen moves are excessively volatile

The yen level, not just pace of moves, is important in deciding whether Japan intervenes in FX market
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Source:: FX Street