I wasn't against making YCC flexible, opposition was about timing.

Don't think July policy move is causing any market turmoil.

Japan's inflation isn't demand driven yet, which is why output gap remains in negative territory.

Japan's economic recovery required for BoJ to consider ending negative rate policy.

Decision on when to end negative rate policy will likely be made looking carefully at economic developments.

If Japan's economy achieves sustained recovery, we won't need ycc but unfortunately Japan's deflationary mindset has not be eradicated yet.

When there is feeling Japan's deflationary mindset is dispelled, we can get rid of YCC but now is not the time.

FX isn't target of monetary policy.

FX moves have big impact on prices.

BoJ will closely watch impact of Yen moves on economy, prices.

FX isn't driven by interest rate differentials alone.

Weak Yen benefits exports and inbound tourism, but is negative for domestic demand-driven firms and households.