BOJ deputy governor out on Reuters 26 July
- upward momentum in prices is intact
- productivity is improving, will lift potential growth rate
- still think ETF purchases are necessary but wee decide on this at each policy meeting
- think the benefit of ETF purchases currrently outweigh costs
- sees no problems with liquidity or functioning of JGB market
- expect labour shortages to encourage structural reforms
- discussing exit strategy too early, can cause market turbulence
Market turbulence? Bring it on. Please!
USDJPY still 111.93 unfazed by the headline.
Nakaso sees no need to ease policy
