Analysts from the 24 primary dealers in the Japanese government bond market comment on Bank of Japan Governor Masaaki Shirakawa ’s performance, in addition to Japan’s struggle with deflation and the power and limitations of monetary policy.
Top Bank of Japan officials flagged rising risks to the nation’s growth as the yen climbed in the aftermath of the U.S. Federal Reserve signaling willingness to consider more monetary stimulus.
Bank of Japan Governor Masaaki Shirakawa said the central bank is ready to take more action and is watching the effect of the strong yen on the nation’s economy.
Bank of Japan Deputy Governor Kiyohiko Nishimura said the central bank is ready to implement additional easing if necessary, fueling speculation that further loosening is likely this month.
Japan’s central bank lowered its assessment for the nation’s economy for a second straight month while refraining from boosting monetary stimulus, citing easy domestic financial conditions.
"The BOJ wants the focus to be on the improvement in the economy."
- Mari Iwashita on Dec 18, 2014