1 Jun 2022
BOJ’s Wakatabe: Need for additional monetary easing is not very high now
The “need for additional monetary easing is not very high now,” Bank of Japan’s (BOJ) Deputy Governor Masazumi Wakatabe said in a statement on Wednesday.
Key quotes
Widening range around BOJ’s 10-year JGB yield target would be tantamount to a rate hike.
BOJ must leave itself means for easing policy further.
There is a significant downside risk to Japan’s economy.