BoJ’s Amamiya: Markets continue to make unstable moves but Japan’s economy is recovering steadily

The Bank of Japan (BoJ) Deputy Governor Amamiya is on the wires now, via Reuters, making a scheduled speech on the monetary policy and Japanese economy.

Amamiya said that the BoJ must continue with easing to achieve the price target, adding that he is mindful that BoJ policy could destabilise financial markets but the risk is not large.

On the Japanese economy, he noted that the markets continue to make unstable moves but Japan’s economy is recovering steadily.

Additional Comments:

Must scrutinise economic developments while keeping in mind signals from markets.

Risks to our baseline economic forecast heightening, mainly from overseas developments.