BoJ Himino says there is no set timeframe for economic stability

• BOJ Deputy Gov Himino: BOJ’s monetary policy has to take into account numerous factors.
• BOJ Deputy Gov Himino: Our task is to closely monitor market developments for the time being.
• BOJ Deputy Gov Himino: Not having in mind specific levels, range for neutral interest rates.
• BOJ Deputy Gov Himino: Financial conditions are accommodative right now.
• BOJ Deputy Gov Himino: Believe main scenario remains that US economy will make soft landing.
• BOJ Deputy Gov Himino: Don’t have any specific timeframe in mind when asked how long BOJ would need to monitor market to judge it has stabilized.
• BOJ Deputy Gov Himino: Our imminent task is to closely monitor financial market developments with high sense of urgency.
• BOJ Deputy Gov Himino: Will adjust degree of monetary easing if outlook of economy, prices is likely to be achieved.
• BOJ Deputy Gov Himino: Likelihood of economy, price outlook being achieved would be affected by various factors including market developments

This article was written by Arno V Venter at www.forexlive.com.