Bank of Japan Kuroda indicating the easing program will continue, no surprise there
Headlines via Reuters:
- market functions have improved somewhat since BOJ's policy tweak in July
- BOJ aware continued easy policy affects financial system stability, financial intermediation
- if financial institutions take on more risk, there is chance financial system could destabilise
- financial intermediation could stagnate if low-rate environment weighs on bank profits
- risks of financial destabilisation not big but BOJ will continue to monitor developments
- BOJ must carefully watch demerits of easy policy
- BOJ must scrutinise balance of effects, costs of its policy in maintaining powerful monetary easing
- uncertainty surrounding overseas economy heightening
Access his full speech text here at the BOJ website
