Bank of Japan deputy governor Iwata

  • Still some distance from 2 pct inflation target
  • BOJ must continue with powerful monetary easing
  • Trying to restore fiscal health too hastily may slow growth, make achievement of 2 pct inflation difficult
  • BOJ's yield curve control is most appropriate policy with biggest effect, minimal costs

  • BOJ should maintain current policy as long as it's not sure of the effects of other possible options

  • Govt steps, as well as boj's appropriate policy, needed to achieve price target, sustainable growth

more to come