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BOJ needs to persistently continue easing - BOJ's Iwata

Comments from Bank of Japan's (BOJ) Deputy Governor Iwata are crossing the wires-

  • BOJ must continue with powerful monetary easing. 
  • Yield curve control is the most appropriate policy with the biggest effect, minimal costs. 
  • BOJ should maintain current policy as long as it is not sure of the effects of other possible options.
  • Still some distance from 2 percent inflation target. 
  • Trying to restore fiscal health could slow growth, make achieving 2 percent inflation target difficult. 

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BoJ’s Iwata: Govt steps, BoJ’s appropriate policy needed to achieve price target

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