BOJ’s Amamiya: Important to continue current powerful easing to firmly back economy, people's livelihood
“Long-term interest rates have been stable since adoption of fixed-rate operations,” said Bank of Japan Deputy Governor Masayoshi Amamiya per Reuters.
Also read: Japan’s FinMin Suzuki: Carefully watching FX impact on economy with sense of urgency
Additional comments
Rapid FX moves as seen recently could heighten uncertainty over the outlook.
Should not link BOJ monetary policy with the term of a BOJ governor.
BOJ aims for virtuous cycle of growth in prices, corporate profits, wages and employment.
If monetary easing is reduced now, that would make 2% inflation even more distant target.
FX reactions
Hints of sustained easy money policies join upbeat market sentiment to keep USD/JPY firmer around the intraday high near 129.35.
Read: USD/JPY crosses 129.00 as yields recover ahead of US Retail Sales, Fed’s Powell