Bank of Japan’s Sakurai says can go slow on easing if overseas woes are moderate

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KOBE, Japan (Reuters) – Bank of Japan board member Makoto Sakurai said on Wednesday the can afford to spend time scrutinising data in deciding whether to ease further, if the hit from slowing overseas growth on Japan’s is moderate.

“If there’s a crisis that could disrupt Japan’s financial system … a bold policy response is necessary,” Sakurai said in a speech to leaders in Kobe, western Japan.

“But if the overseas slowdown driven by trade woes is moderate, and the speed at which it affects Japan’s economy is slow, we have room to scrutinise economic indicators in deciding on policy,” he said.

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Source: Investing.com

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