BOJ’s Amamiya: To stick with monetary easing to support the economy

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Bank of Japan (BOJ) will stick with monetary easing to support the economy, the central bank Deputy Governor Masayoshi Amamiya said on Friday.

Additional comments

Japan’s economy picking up as a trend.

Uncertainty regarding Japan’s economy extremely high.

BOJ must closely watch impact of financial, forex market moves on Japan’s economy, prices.

BOJ will achieve price target in sustained, stable manner accompanied by wage rises.

Japan’s financial system remains stable as a whole.

Japan’s short-term funding stable as a whole.

Recent rises in raw material, energy prices could affect financial institutions’ credit costs via corporate funding.

Market reaction

USD/JPY is off the lows, currently trading at 134.67, down 0.17% on the day.