Bank of Japan board member Sakurai speaking
- BOJ's new policy framework working smoothly for now
- BOJ's new policy framework enhanced policy flexibility, sustainability
- BOJ will continue to buy huge amounts of JGBs to control interest rates
- No change to BOJ's stance of continuing with monetary easing via interest rate, quantity of asset buying
- No magic wand to emerge from low inflation, low growth plaguing Japan's economy
- BOJ will strive to keep prices stable but govt, private sector must also play role to boost japan's growth
- Hard to eradicate uncertainties on global economy in short term
- Details on new US administration's policies unknown so need to watch developments cautiously
- Global economy gradually moving toward recovery phase but high uncertainty remains on outlook
- Looking at next year's wage negotiations with great interest to gauge outlook on price moves
Headlines via Reuters
Nothing surprising nor even notable from Sakurai
