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BoJ's Takata: Don't see need now to take additional steps to improve market function
Bank of Japan (BoJ) monetary policy board member Hajime Takata is back on wires in early Europe this Thursday, expressing his take on the monetary policy outlook.
Key quotes
Will need some time to gauge impact of Dec steps on market function.
Don't see need now to take additional steps to improve market function.
Impact of overseas economic slowdown already showing in Japan’s factory output.
There is still uncertainty on whether wages will rise enough especially among small, regional firms.
Want to look comprehensively at various data in gauging Japan's trend inflation.
Not just price indicators, but whether Japan achieving positive wage-inflation cycle, also key to gauging Japan's trend inflation.
Market reaction
USD/JPY is extending the upside toward 137.00 amid a broad-based US Dollar rebound, firmer US Treasury bond yields and dovish BoJ commentary. The spot is trading at 136.65, adding 0.35% on the day, as of writing.
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