“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.
