BOJ's Wakatabe: If future policymakers' response is inadequate, economy will fall into deflation

Comments from Bank of Japan's Wakatabe:

• In event of a crisis, policymakers must respond with vigorous expansionary policy

• If response is delayed or inadequate, economy will fall into deflation and struggle to emerge from it

• Monitoring excessive risk-taking bahaviour and analyzing systemic risk in financial system play key roles in preventing financial crisis

• Central banks must be vigilant and prepared for possible future financial crisis at all times

There's nothing on the outlook or rates here.