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BoJ’s Himino: Needs to watch potential impact of easy monetary policy on economy

2024-06-21FXStreetFXStreet
Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Tuesday, “when easy monetary policy lasts for an extremely long period of time, policymakers must be vigilant to the potential impact it has on the economy's productivity, potential growth.” Additional quotes Firms will likely have more freedom in setting prices flexibly when prices, wages are rising moderately in tandem.

Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Tuesday, “when easy monetary policy lasts for an extremely long period of time, policymakers must be vigilant to the potential impact it has on the economy's productivity, potential growth.”

Additional quotes

Firms will likely have more freedom in setting prices flexibly when prices, wages are rising moderately in tandem.

In economy facing effective zero lower bound, asset price moves such as FX, stocks and property prices are likely to serve as key transmission channel of monetary policy.

We are guiding monetary policy to achieve a situation where underlying inflation, excluding one-off factors, move around 2%.

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