Bank of Japan monetary policy board member Funo speaking
And just remember, you can't spell Funo without fun
Anyway, comments:
- BOJ's ultra-easy policy helping to improve output gap
- inflation remains weak despite expansion in economy, tightening labour market
- powerful monetary easing, if prolonged, could hurt financial intermediation
- BOJ will carefully watch for risks that warrant attention in guiding policy
- Various uncertainties exist on overseas economic outlook
- Uncertainty over outlook on trade policy particularly high, so warrants attention
- Factors that are weighing on Japan's inflation likely to gradually dissipate ahead
- forward guidance indicates it will not whittle down poowerfull monetary stimulus for the time being
- BOJ's July step not intended to push up interest rates, so BOJ will conduct JGB bying promptly and appropriately if bond yields spike
