BOJ's Funo: Monetary easing limits not yet reached

BOJ board member Funo, speaking at a business event, notes that monetary easing limits are not yet reached, suggesting that futher easing should not be discarded.

Additional headlines

Some people have expressed concern over neg rates

Shouldn't have a preset idea on where the limit of BOJ's asset purchases could be

Don't see a big problem with BOJ becoming a major shareholder for some Japanese firms due to its ETF purchases

BOJ mon pol so far has had some real effects despite inflation not being at 2%

Effects of current BOJ policy bigger than side-effects

Undesirable for BOJ's policies to disrupt Japan's financial transmission

Review will scrutinize what steps are effective in accelerating achievement of 2% price target

Mon pol is to achieve price target not influence FX moves

MOF has jurisdiction over FX intervention so BOJ buying foreign bonds for purpose of affecting FX rates would be hard