BOJ’s Nakaso: Uncertainty over FED rate hike timing affecting global financial markets

Additional comments crossing the wires from BOJ’s Nakaso, as he continues to speak on the BOJ monetary policy and overall Japanese economic outlook.

Key Quotes:

Must scrutinise companies' price-setting behaviour without preconception

Japan price trend continues to improve steadily

Expect weakness in private consumption to be temporary but must watch trend carefully

Uncertainty over FED rate hike timing affecting global financial markets, as well as risks such as 'brexit'

BOJ will continue to carefully monitor liquidity, functioning of JGB market

There is no doubt JGB market is significantly affected by unconventional monetary easing

Downside risks remain high on global economic uncertainty, unstable market moves