BOJ Ishida on additional stimulus
The Bank of Japan board member Koji Ishida warned on Tuesday that domestic structural factors may further delay a rebound in export performance even despite the fact that global growth picks up. This makes Japanese economic recovery fragile.
Ishida also made the case for a more flexible view of the BOJ’s 2% price goal suggesting that the central bank won’t automatically expand stimulus simply because inflation fails to hit the target within a given timeframe. Japanese CPI has risen steadily, although its growth slowed to 1.3% in the year to June from 1.4% in May.