Bank of Japan's monetary policy board member Takako Masai speaking
- Uncertainty on overseas economies is heightening
- The Bank of Japan must assess the costs and benefits of its policy from varying perspectives
- monetary easing stimulates the economy but prolonged low rates could have adverse effects on bond market functioning and the profits of financial institutions
- must maintain extremely easy monetary policy to ensure the positive momentum on prices is not disrupted
- price moves remain weak, but momentum to hit target on inflation is not lost
Yen … little response
