Bank of Japan board member Yukitoshi Funo said Japan is facing a situation where momentum towards price stability would be undermined. The central bank would “reexamine” the outlook at next meeting. He also said BoJ is ready to respond to prevent risks from materializing.
He warned of heightened downside risks from global slowdown. And, “We are facing a situation where we need to pay more attention than before to the risk that the momentum towards the price stability target will be undermined… With that situation in mind, we will reexamine economic and price trends at the next policy setting meeting”.
