BoJ’s Adachi: Can't say now whether Yen moves would affect economy, prices

Bank of Japan (BoJ) board member Seiji Adachi is back on the wires on Wednesday, expressing his take on the central bank’s monetary policy and exchange rate outlook.

Key quotes

There was no policy implication to BoJ’s single-day decrease in bond buying.

Don't have strong view on whether BoJ bond buying reduction should come soon, or later.

We will more carefully watch long-term interest rate moves.

If current FX moves persist, that will certainly have impact on economy, prices.

We will of course respond with monetary policy if FX moves have material impact on economy, prices.

Can't say now whether Yen moves would affect economy, prices.

BoJ will need long time, seek view by various experts, in deciding what to do with its ETF holdings.