Ya think? Yes indeed - Bank of Japan Deputy Governor Masayoshi Amamiya getting in his Captain Obvious nomination with that pearler
He was speaking with Bloomberg
more
- Japan's economy was maintaining its momentum to achieve the BOJ's 2 percent inflation target, the central bank is "very far off from the exit" of ultra-easy policy
- inappropriate to normalise monetary policy settings early to create policy room to address any future shocks to the economy
Said the BOJ carefully watching for side effects of the massive stimulus:
- "I don't think the side effects exceed the benefits at this point, but the effects are cumulative and we're watching this carefully"
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For those who have kept up, the BOJ has a 2% inflation target (for underlying inflation) and its currently running (latest data) at 0.3% (correct me if that is incorrect but it won't be far off). So yeah, Still a super long way from target. No exit any time soon.
