Additional monetary easing unnecessary – BOJ’s Nakosa

FXStreet (Barcelona) - Bank of Japan member Nakosa said on Friday that additional monetary easing is not required so long as there is no change in the underlying trend of inflation, further adding that any cut in inflation forecast will not result in additional easing.

The policy maker further added that Japan’s economy is improving gradually with steady improvement in the underlying trend of inflation. On markets, he added that there are no signs of irrational expectations in asset markets, and that negative bond yields indicate monetary easing is effective in pushing down borrowing costs.