Bank of Japan Deputy Governor: If there is more confidence in the outlook for economic activity and prices, the intensity of monetary easing will be adjusted

Bank of Japan Deputy Governor Yoshizo Himino said that if there is more confidence in expectations for economic activity and price prospects, 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 great vigilance. The Bank of Japan also intends to carefully examine the impact of these domestic and foreign market developments on economic activity and price prospects, the risks to the outlook, and the degree of confidence in the outlook. The 2% inflation target will be achieved in a sustainable and stable manner based on appropriate monetary policy, while maintaining close communication with market participants and other stakeholders. Close attention needs to be paid to the development of recent market fluctuations, including weak stock markets and a stronger yen. (Jinshi)