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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.

Key Points:

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.

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