Comments by BOJ member, Yukitoshi Funo
- Sees no change to baseline scenario of growth pickup in 2H 2019
- Says no need to add stimulus for now
- But will need to take action if price momentum is lost
- Must scrutinise carefully if forecast of growth pickup in 2H 2019 will remain valid
The BOJ has been among the few still trying to put up a confident facade as the Japanese and global economy continues to stutter. But in their defense, they're left with very limited ammunition considering how much easing policies are already in place and they have to "sell" Abe's plans of raising the sales tax later in the year.
