BOJ policymakers indicate higher threshold for further easing

BOJ policymakers kept to their pledge for the purpose of expanding stimulus , though only to protect Japan’s economy from external shocks, thus indicating that the threshold for further easing has been increased after the previous month's policy revamp.

BOJ Governor Haruhiko Kuroda didn’t make direct reference of the necessity to meet his inflation objective rapidly when reiterated his readiness to drop interest rates or expand asset buying.

On Wednesday, Kuroda informed that Japan’s government is ready to ease policy once again, including lowering short-term rates, if they see that the merits definitely outweigh the costs.

Yutaka Harada, who has turned to be among the most active advocates of aggressive money printing on the nine-member board, also stressed that Japan’s major bank would ease if unexpected changes in the global economy threatened the price objective.

Before the previous month's change in policy framework, the bank’s officials have told they wouldn’t hesitate to ease if it would really hasten achievement of their elusive price growth objective. 

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