BOJ’s Wakatabe says fiscal policy is up to the government

Bank of Japan deputy governor Wakatabe speaks in parliament

  • Important to have synergy between fiscal and monetary policy
  • Free trade is important
  • BOJ shouldn’t hesitate to add easing if needed
  • If BOJ buys foreign bonds to influence FX levels, it would fall under MOF supervision
  • Should consider all options for easing if needed

Nothing of note from Wakatabe, mainly reiterating the same old stuff thus far. And again, highlighting his dovishness with his additional easing comments.

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