“Mr. Yen” Sakakibara heroic: the yen in the coming months expected to break 105, before the end of the year or exceeded 100 .
Only global coordination to effectively intervene.
The yen against the dollar at 105 yen on the Japanese economy is not a problem.
Bank of Japan could further relax the policy.
Negative interest rate policy is not an error .
Bank of Japan Governor Haruhiko Kuroda: If necessary will not hesitate overweight stimulation.
We will continue to implement loose until achieve stable 2% inflation target.
Inflation is expected to rise towards the 2% target.
Negative interest rates will have economic impact on prices.
Financial market is still volatile, the market will monitor the impact on the economy and prices.
Japan’s economy has maintained a virtuous circle.
The Bank of Tokyo-Mitsubishi UFJ: near-term risks the Bank of Japan to intervene directly against the yen remained relatively low.
OECD Secretary-General Gurria: Japan’s fiscal sustainability problems.
Japan should take more into structural policy measures; believes there is room for Japan gradually raise the consumption tax to 15%.
If Japan raised the consumption tax, they can use fiscal policy to compensate, generate more economic activity.
Intervention in the foreign exchange market fluctuations can be suppressed, but does not change the basic trend of the currency exchange rates.
Intervention does not make people no longer regarded as safe-haven currency yen reported by Wall Street CN