Bank of Japan board member Sakurai : there is sufficient space to buy more ETF, cut interest rates and increase asset purchases.

  • No need to cancel the Bank of Japan’s monetary base target, or to change the basic policy framework for the meeting in September.
  • Bank of Japan policy meeting in September may do some technical adjustments to policy instruments.
  • We will consider measures to change the shape of the Treasury yield curve, because bond yields compared to expectations flatten.
  • September whether to adopt a liberal decisions, the key is how to assess the central bank’s Board of negative interest rates.
  • In Japan, the current regulations, the Bank of Japan can not take helicopter money initiatives.
  • Purchase of foreign bonds in the moment is not an option, because it is considered the measure of foreign exchange intervention.
  • Strong yen lower prices, but the Bank of Japan will not boot monetary policy to the exchange rate target.
  • The Bank of Japan should not be recklessly loose, it must be carefully evaluated before policy decisions.
  • Japan should always consider the development of new policy instruments.
  • Unlikely to change the inflation target of 2% in September to assess the policy
  • will not do anything to be seen as a withdrawal of loose things.