BOJ’s Official: Japan’s economic, price conditions do not allow withdrawal of stimulus

“Japan's economic, price conditions do not allow withdrawal of stimulus,” a Bank of Japan (BOJ) official said on Friday.

Additional quotes

BOJ will patiently continue monetary easing aiming to sustainably achieve price target.

Unless there is second-round effect of inflation, such as wage hikes, it's inappropriate to tighten policy.

USD/JPY reaction

These above comments failed to have any impact on the Japanese yen, as USD/JPY traders firmer above 116.00.

The spot is trading at 116.25, adding 0.12% so far, as of writing.

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