BOJ’s Harada: Desirable for BOJ to steepen an excessively flat yield curve

Bank of Japan (BOJ) board member Harada is back on the wires now, noting that the central bank can further increase monetary base under new framework, Reuters reports.

Key Headlines:

Can further increase monetary base under new framework

It's true that price target has been delayed

Doesn't think BOJ'S ultra-easy policy would make govt lax about fiscal discipline

Market perception that there are limits to monetary easing would diminish the positive effect of BOJ's policy action

Don’t think recent Sterling declines would have a direct negative impact on Japan's economy, prices

Doesn’t see yen being bought as a safe haven right now because of the pound's decline

Desirable for BOJ to steepen an excessively flat yield curve

BOJ will keep buying Japanese Govt. Bonds at current pace, won't reduce bond buying even if 10-yr yields slip below target