Comments by BOJ policymaker, Hitoshi Suzuki
- Economy, price moves haven't deviated much from BOJ's July outlook
- Lowering rates further, buying more ETFs among options to ease further
- But BOJ may need to come up with new ideas on further easing
- BOJ easing policies are not to finance government debt
- Does not see need to change 2% price target for now
The same old message being offered by the BOJ. For now, they can take heart that USD/JPY isn't really capitulating towards 100 and that sort of gives them some room to maintain their current policy stance without having to fully exhaust their options.
In the bigger picture though, they are certainly at wit's end to try and stimulate the Japanese economy and to revive inflation back towards the 2% target.
