- BoJ's deputy governor Wakatabe: If economy worsens sharply, BoJ will obviously need to consider taking additional steps
Market news
1 September 2021
BoJ's deputy governor Wakatabe: If economy worsens sharply, BoJ will obviously need to consider taking additional steps
- Says timing of Japan’s economic recovery will be delayed
- Sees heightening downside risk to his view that progress in vaccination will help Japan’s economy recover
- BoJ is prepared to ease further if necessary
- What steps to take to support economy will depend on economic conditions at the time
- Consumption stalling but not falling sharply
- Economy supported by exports, CAPEX
- If rising input costs push up inflation expectations in short-term, that alone won't lead to sustained inflation in Japan
Market Focus
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