BOJ’s Wakatabe: Benefits of BOJ easing is outweighing its costs

More comments are crossing the wires from the Bank of Japan (BOJ) Deputy Governor Wakatabe, as he continues to speak about the central bank’s monetary policy and inflation outlook.

“How an exit from easy policy affects BOJ's balance sheet would depend on various factors such as means, the order in which it exits.”

“Achieving price stability is BOJ’s biggest mandate.”

“Will do our utmost to maintain financial stability, but doing YCC to end deflation.”

“Benefits of BOJ easing is outweighing its costs.”

“BOJ has not put a sustained end to deflation, inflation has still not reached 2%.”

“QQE clearly has had a positive impact on Japanese economy and prices.”