Bank of Japan policy board member Suzuki:
- Important to maintain powerful monetary easing
- BOJ must appropriately adjust amount of its bond buying operation with an eye on demand from financial institutions
- Japan's financial system remains stable but must monitor regional banks' risk-taking activity, business conditions
- BOJ must be mindful of making its framework sustainable as inflation may remain subdued for prolonged period
- BOJ does not intend to raise interest rate levels now, so will act swiftly via market operations if yields rise rapidly
- If JGBs remaining in market continues to fall, financial institutions' bond holdings may gradually approach minimum required levels
- If economy slips into recession, Japan's financial institutions may face rise in credit costs, deteriorating profits
- Downside risks surrounding overseas economies appear to be heightening
- Japan's economy likely to continue expanding as a trend
- Japan's exports likely to sustain uptrend due to steady overseas growth
- Economy sustaining momentum towards achieving the BOJ's inflation goal
Press conference to follow at 0500GMT
