The Bank of Japan (BOJ) newly appointed board member Hajime Takata said on Monday, the central bank will be able to keep the easy monetary policy but there are challenges.
Additional quotes
Dwindling bank margins, impact on market function are among the challenges.
Yield curve control has various impact on the economy and prices.
Need to take those into account as well when managing policy.
Current yield curve control is sustainable.
If there is a positive cycle, then easy policy exit will become focus of discussion.
Market reaction
USD/JPY has caught a fresh bid wave in tandem with positive risk sentiment and rebounding Treasury yields. The spot is adding 0.19% on the day to trade at 136.31, as of writing.
