BoJ’s Harada: Current policy is sufficient to hit 2% inflation
Additional headlines crossing the wires from the BoJ board member Harada are as follows:
Current policy is sufficient to hit 2% inflation.
BoJ must ease policy further if an external shock hits the economy.
BoJ shouldn't guide mon pol with specific fx levels in mind.
MOF not BoJ has jurisdiction over FX policy FX intervention.
Growth strategy, steps to boost labor productivity must accompany monetary policy for real wages to rise.
Don't' think current policy under YCC is causing the situation where demerits of easing outweigh benefits.