Reuters reporting the comments 6 Dec 2017
- It is true that ultra-easy policy is weighing on bank profits
- Doesn't see signs of excessive risk-taking among financial institutions
- How the BOJ will respond to downside risks to prices will depend on economic and market developments at the time
- Not too pessimistic about inflation given tight job market and global recovery
- ETF buying necessary to achieve 2% inflation
His earlier comments can be found here.
Nothing that stands out really. His earlier comments on the YCC is more or less what Kuroda has been emphasising over the last few days as well.
As I said in my earlier posts on Kuroda, it's likely all these talks are pointing towards a status quo in monetary policy when the BOJ meets on 21 December.
Meanwhile, USD/JPY continues to look soggy trading at 112.10 - with US 10-year yields also touching lows for the day.
