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21 Jan 2016
'Too early' for more BOJ easing – Abe’s adviser Shibayama
FXStreet (Mumbai) - In an interview with Bloomberg earlier today, Japan’s PM Abe’s adviser, Shibayama noted that it’s too early for BOJ to roll additional stimulus measures as the stock market turmoil may be temporary.
Key Quotes:
“If you ask whether now is the time to act, I think it is still too early to make that decision.”
It “wouldn’t be strange” if the central bank had stepped things up.
“For the time being I think we should deal with it by closely monitoring the situation and exchanging information with the financial authorities of other countries.”
Earlier today one of Abe aide said that the conditions are now in place for the BOJ to expand its monetary stimulus, as reported by the Wall Street Journal.
Responding to that, Shibayama said “I am not sure” that the person’s view represents the consensus of Abe’s Cabinet.
“Secretary Suga and Abe and also Mr. Amari, all of those members, are insisting that Japanese fundamentals are still stable. Probably their attitude will not change in a very short period, especially a couple of days.”
Key Quotes:
“If you ask whether now is the time to act, I think it is still too early to make that decision.”
It “wouldn’t be strange” if the central bank had stepped things up.
“For the time being I think we should deal with it by closely monitoring the situation and exchanging information with the financial authorities of other countries.”
Earlier today one of Abe aide said that the conditions are now in place for the BOJ to expand its monetary stimulus, as reported by the Wall Street Journal.
Responding to that, Shibayama said “I am not sure” that the person’s view represents the consensus of Abe’s Cabinet.
“Secretary Suga and Abe and also Mr. Amari, all of those members, are insisting that Japanese fundamentals are still stable. Probably their attitude will not change in a very short period, especially a couple of days.”