The statements of Shinichi Oshida, deputy governor of the Bank of Japan, were as follows:
- The Japanese economy is recovering moderately, albeit with some weak signals.
- Core inflation is likely to accelerate gradually.
- A decision has not yet been made on the details of the bond downsizing plan.
- But the scale of the reduction in bond purchases is likely to be significant.
At the moment, the gradual reduction of bonds seems to be the only one expected for July, and there is no mention of any follow-up to raising interest rates by policymakers yet.
