The BOJ Sakurai said that it is essential to stick to the current monetary policy

BOJ board member Sakurai talking to journalists on 18 October

  • difficult to predict the timing of the inflation
  • it is better to wait to see the impact of the current policy
  • expected effects of policy easing to continue to strengthen
  • too early to consider a change in the size of ETF purchases

More of the same from Sakurai
Eamonn had earlier in his speech here
USDJPY currently pushing back up again to evidence (see article 112.31 after NA/Asian bottom around 112.10

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