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BOJ's policy board member Sayuri Shirai via Reuters:
- BOJ may consider some monetary policy adjustment if path towards price rises envisaged by the bank does not materialize at all
- Expects Japan's economic recovery to remain moderate for the time being
- Some capital expenditure plans may be delayed given weakness in machinery orders, labour shortages
- Expect private consumption to maintain moderate recovery trend
- Risks to Japan's economy tilted toward downside for fiscal 2017
- Expect japan to achieve 2 pct inflation around latter half of fiscal 2016
- My projection is for core CPI to rise to a little over 1 pct in fiscal 2016, reach "around a little over" 1.5 pct on average in fiscal 2017
- May take longer than expected for inflation expectations to heighten steadily
