Bank of Japan Deputy Governor Iwata speech

  • Effect of China's slowdown appearing in japan's exports, output
  • Japan's economy continues to recover moderately
  • Positive economic cycle remains intact both for households, companies
  • Exports, output to gradually increase as global growth picks up
  • Must be mindful that downside risks to Japan exports, output will remain high for time being
  • Japan's July - September GDP contraction was largely due to effect of inventory
  • Price trend improving steadily
  • Expect to see clearer signs of increases in capex, private consumption gradually pushing up prices
  • Expect Japan inflation to hit 2 pct around latter half of fiscal 2016
  • Biggest risk to Japan's economic outlook, price trend is further slowdown in emerging economies
  • BOJ will adjust policy without hesitation if such risks lead to deterioration of underlying trend in inflation

Headlines via Reuters

Full text: "Japan's Economy and Monetary Policy" (Speech at a Meeting with Business Leaders in Okayama)