Senior officials from the Bank of Japan (BoJ) said on Thursday that a delay in stimulus adjustment amid high inflation risk could trigger an economic downturn.
Key quotes
Delay in stimulus adjustment amid high inflation risk could trigger economic downturn.
Suitable monetary policy would ensure stable inflation, place economy on sustainable growth trajectory.
When upside inflation risk high as is the case now, delay in adjusting degree of stimulus could materialise such risk, lead to economic downturn in future.
Market reaction
At the time of writing, USD/JPY is down 0.06% on the day at 162.09.
