Koji Ishida, Member of the Bank of Japan's policy board speaking to a meeting with business leaders in Kanagawa:

  • Expects global economy to gradually accelerate pace of growth
  • Private consumption firm, likely to resume moderate recovery
  • Shouldn't adjust policy to target certain timing for hitting 2 pct price target
  • Policy ought to be adjusted when there is big risk Japan may fail to achieve stable price growth, sustainable economic growth
  • Too early to debate exit from QQE now
  • If inflation accelerates ahead, time will come when BOJ needs to gradually whittle down pace of asset purchases
  • Falling oil prices led to downgrade of BOJ's inflation forecast for fiscal 2015 but will push up price growth as a trend
  • Don;t think oil price fall poses problems to monetary policy as long as consumer inflation accelerates again toward 2%

Headlines via Reuters