BOJ’s Masai: Must watch Brexit impact on Japan growth, prices

Bank of Japan (BOJ) newest board member Takako Masai is now on the wires via Reuters, noting that the central bank needs to closely monitor the impact of the ongoing uncertainty on overall economic sentiment.

Key Quotes:

Brexit increases uncertainty over global economy

Must watch Brexit impact on Japan growth, prices

Negative rate pushing down JGB yield curve

No comment on overall assessment of negative rate

No comment if 2% CPI to be achieved during fy2017

In globalised world, hard to predict outlook on Japan economy, prices based on domestic policy alone

Forex not reflecting fundamentals undesirable

Excessive fx moves to restrict capital investment

Govt should ensure credibility of fiscal conditions