BoJ’s Amamiya: BoJ is to continue easing monetary policy

The Bank of Japan (BoJ) Deputy Governor Amamiya is on the wires now, via Reuters, sounding upbeat on the Japanese economic outlook, but at the same time maintained that the bank will continue its ultra-loose monetary policy.

Key Points:

Japanese economy to keep growing stably,

High possibility of strong global growth to continue.

Sees improvement in household spending.

Sees gradual growth in wages.

The fiscal year 2020 growth may slow due to a slowdown in capex.

May also slow due to sales tax effect.

Expects inflation to keep rising.

BoJ is to continue easing monetary policy.

Despite tight labor market, prices are lagging.