Bank of Japan Deputy Governor: If there is greater confidence in the outlook for economic activity and prices, it will adjust the intensity of monetary easing

On August 28th, according to a report by Jin Ten, the Deputy Governor of the Bank of Japan, Ryozo Himino, said that if expectations for economic activity and price prospects become more confident, the Bank of Japan will adjust the intensity of monetary easing. Financial and capital markets remain unstable, and the Bank of Japan needs to monitor their developments with high vigilance.
The Bank of Japan also intends to carefully review the impact of these domestic and foreign market developments on the outlook for economic activity and prices, the risks to the outlook, and the level of confidence in the outlook. It will achieve its 2% inflation target in a sustainable and stable manner, subject to appropriate monetary policy, while maintaining close communication with market participants and other stakeholders. Recent developments in market volatility, including the weakness of the stock market and the strengthening of the yen, need to be closely monitored.