BoJ’s Adachi: It is too early to make changes to easy monetary policy
Bank of Japan (BoJ) board member Seji Adachi said on Wednesday, “it is too early to make changes to easy monetary policy.”
Additional quotes
Inflation has accelerated faster than I anticipated.
Our base price scenario is fraught with uncertainty.
The price outlook contains both upside and downside risks, with the longer-run downside risks appearing to be greater.
Such risks to the price outlook must be considered when deciding whether to adjust monetary policy.
Given the risks to the global economy, Japan’s economy must be wary of downside risks.
Market reaction
At the time of writing, USD/JPY is defending minor bids near 141.60 on the dovish BoJ commentary.