- Want to scrutinise how prices move after recent spike in price of rice moderates.
- Want to hear from BoJ staff, see data for policy.
- We need to monitor government's trade talks with US.
- Automobiles are mainstay of Japan's export to US so should not have any pre-set idea on impact on Japan's economy until trade talks with US are resolved.
- Recent economic conditions suggest we're not in a state where BoJ can rush into raising interest rates and must move cautiously with close eye on various data.
- BoJ must unload its huge ETF holdings at some point.
- Given huge market impact on stock market, BoJ must move very cautiously in unwinding ETF holdings.
- When asked whether he would brand himself as hawkish or dovish on monetary policy "I probably stand right in the middle, have no strong view".
These comments put him in the neutral/dovish camp. There's the usual focus on trade talks which is what has been keeping the BoJ on the sidelines in terms of monetary policy.
