“If expectations are to meet the bank, the policy will be modified more,” said Cenichi Oshida, Deputy Governor of the Bank of Japan (BOJ).
Additional quotes
If expectations are fulfilled, the bank will further amend the policy.
The bank will be possible to move forward while examining the economic activity response if the political interest rate is raised at a similar pace with expectations.
Nowadays, the bank is not aware of the certainty of the neutral interest rate of economic activity and prices.
The bank will examine the response of economic activity and prices because it raises the interest rate on policy.
If the future view of the economic activity and the prices presented in the Outlook report will be achieved, accordingly, the bank will continue to raise the interest rate on politics and control the degree of cash residence.
The uncertainty about the global economy is still high, and there is still justification for the interest here.
Wages are likely to continue to rise steadily and support private consumption.
The control of the degree of cash residence will gradually, while maintaining the distinguished financial conditions, will stabilize economic activity and prices in the long term.
Even after raising the policy interest rate to about 0.5 %, the distinguished financial conditions continued to support the economy firmly.
Special consumption was in a moderate increasing direction.
Comporte Capex is likely to continue to rise for a long time.
The Japanese economy is expected to continue to grow at a higher rate than a possible growth rate.
The Japanese economy recovered moderately, although some weakness was seen.
The decrease in the existing amount of JGB holdings was limited, and therefore the effects of cash dilution are likely to continue on a large scale.
In principle, long -term interest rates must be formed freely in the financial markets.
In an exceptional position where interest rates increased in the long run quickly in a way that is different from the regular market developments, the bank will make a smart response, such as increasing JGB purchases.
The bank has not changed its thinking in the policy behavior of the interest rate of short -term policy and JGB purchases.
Market reaction
At the time of the press, USD/JPY It carries gains near 150.00 after these comments, an increase of 0.20 % a day.