Comments from Bank of Japan board member Kiuchi:
- Expect private consumption to remain firm
- Says China's economic growth momentum weakening, other emerging nations' economies also lacking strength
- Says Japan exports likely to increase gradually
- Says hold a more cautious view on Japan's economic, price outlook than median BOJ projections
- Focusing more on downside risks than upside regrading overseas economic outlook
- Says pace of rise in japanese prices likely to remain moderate even as output gap narrows
- Strengthening monetary easing too much to push up inflation in short period will threaten economic, price stability
- Says should make timeframe for 2 pct inflation target a flexible one
- Says if liquidity in JGB market thins too much, that will heighten volatility and destabilise markets
- Must be more mindful now of risk BOJ's huge asset buying will impair mechanism for maintaining fiscal discipline
- Says very important to restore Japan's fiscal health to smoothly normalise monetary policy in future
- Says must bear in mind that appropriate pace of inflation in japan now is likely lower than 2 percent
- Says at some point, the BOJ must examine gradually starting to shift focus of monetary policy away from asset purchases to other policy tools
- Says technically possible for the Bank of Japan to keep buying JGBs for the time ebing, but must be mindful of whether current pace of buying is sustainable
Headlines via Reuters


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