Bank Of Japan Vice Governor Signals Potential Adjustment In Monetary Easing

According to Odaily, Bank of Japan Vice Governor Ryozo Himino stated that if confidence in the outlook for economic activity and prices increases, the Bank of Japan (BOJ) will adjust the extent of its monetary easing. Himino emphasized that financial and capital markets remain unstable, necessitating vigilant monitoring of their developments by the BOJ. The BOJ plans to closely examine the impact of these domestic and international market developments on economic activity and price outlooks, the risks facing these outlooks, and the degree of confidence in these projections. The central bank aims to achieve a 2% inflation target in a sustainable and stable manner through appropriate monetary policy, while maintaining close communication with market participants and other stakeholders. Himino highlighted the need to closely monitor recent market fluctuations, including weak stock markets and a strengthening yen.