The statements of the deputy governor of the Bank of Japan, himino, today were as follows:
- Financial and capital markets remain unstable.
- The monetary policy of the Bank of Japan must take into account many factors.
- The Bank of Japan should monitor these developments with the utmost vigilance
- We do not take into account specific levels, the range of neutral interest rates.
- The Bank of Japan will adjust the degree of monetary easing if it has increased confidence in achieving its forecasts for economic activity and prices.
- Financial conditions are favorable at the moment.
- I think the main scenario is still that the US economy will experience a soft landing.
- I do not have any specific time frame in mind for how long the Bank of Japan needs to monitor the market to judge its stability.
- The recent appreciation of the yen may ease the rising import costs and profit pressure that many small and medium-sized businesses are currently facing,The probability of fulfilling the forecasts of the economy.
- But a stronger yen could reduce yen-denominated profits for Japan's export industries and multinationals.
- Prices will be influenced by various factors including market developments.
