On Japanese monetary easing
As you probably know, the Bank of Japan is buying about 7 trillion yen ($68.3 billion) in bonds each month to help Japanese economy and stimulate inflation. Every economist surveyed by Bloomberg last month predicted an expansion in central bank stimulus. Here are some fresh comments on the issue.
Bank of Japan Governor Haruhiko Kuroda: The central bank’s easing has been sufficiently effective so far, although policy makers won’t hesitate to make adjustments if risks materialize.
Policy board member Takahide Kiuchi: Additional monetary easing to offset the effect of a sales tax increase in April may have negative side effects.
IMF Asia & Pacific department deputy director Schiff: Don’t see need for further BOJ easing as long as inflation & expectations head for 2%
USD/JPY is trading on the downside in the 102.50 area.