BoJ’s Wakatabe: Should avoid premature shift in policy

Following the comments from the Bank of Japan (BoJ) Deputy Governor Amamiya, another newly appointed Deputy Governor Wakatabe is now speaking at the Presser.

Main Headlines:

Various data show positive impacts of easing.

Benefits of monetary policy have not yet spread through to the economy.

Will work towards achieving 2% inflation target.

Should avoid a premature shift in policy.

BoJ shouldn't hesitate to add easing if needed.