BoJ’s Funo: No need to ease policy further now
BoJ board member Funo is back on the wires now, via Reuters, commenting on the monetary policy programme.
Desirable that stock prices have risen to such a high level.
Stock prices are not overheating.
BoJ has many policy tools, can't say we won't change anything before meeting 2% inflation.
Don't feel the need to change BoJ's ETF purchases.
If a majority of board members see the need for policy change, then BoJ may respond in some way.
No need to ease policy further now.
Need to always monitor side-effects of current QE.
USD/JPY remains unfazed near 113.80 levels on the above headlines.