BOJ's Yukitoshi Funo talking FX in Tokyo

  • Companies need to be able to achieve sustainable growth regardless of FX risks
  • Japan making progress in ending deflation but not sufficiently emerged from it yet
  • Achieving inflation target is important but there's a need to watch whether companies are boosting profitability and competitiveness
  • Natural for BOJ board meetings to result in a split vote, purpose of holding meetings is to exchange various and differing opinions
  • When economic and external conditions change it's natural for policy makers to change their approach to achieving their target

More comments from a BOJ member on the currency but more with a tone of "Get on with it" with regards to FX risks for companies