BoJ's Sakurai: BoJ may need to consider additional steps if timing for hitting price goal is delayed from what is forecast in april outlook report

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25 May 2017

BoJ's Sakurai: BoJ may need to consider additional steps if timing for hitting price goal is delayed from what is forecast in april outlook report

Don't need to take additional easing steps to achieve inflation target earlier than what is forecast in april outlook report
Must ensure boj communicates well with markets to alleviate any worries about future exit from stimulus programme
Believe it would be fine to maintain for now boj's pledge to increase its bond holdings by around 80 trln yen per year
It is true boj's recent bond buying pace somewhat slower compared with its 80-trln-yen pledge
Fiscal consolidation is an important long-term goal

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