BoJ board member Takako Masai said that global economy is on track for a rebound “through the first half of 2020,” as “there seems to be signs of recovery in the manufacturing sector”. Though, China’s coronavirus outbreak is among risks to global economy and could hurt business sentiment.
For her, “it is still indispensable that Japan persistently continues with the current policy to overcome deflation completely.” And, “the BOJ will persistently devise measures considered necessary at the time,”
Regarding the risks from ultra-loose monetary policy, “if there are signs of disruption in financial intermediation, we will of course take necessary steps including those to make our stimulus program more sustainable.”
