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Ex-BOJ’s Shirai: BOJ should refrain from easing further

Reuters publishing ex-BOJ board member Shirai’s comments this Monday, with the former central banker noting that the BOJ should refrain from announcing fresh round of easing.Key Quotes:Should refrain from further easing including at July meeting as borrowing costs are already very lowNext step should be to taper asset buying accompanied by deepening of negative interest ratesBOJ should tweak commitment to inflation target and initially target 1.0% inflation then 2.0%Estimates show many firms are comfortable with USDJPY levels around 100-110Yen rises could be problematic but should be addressed via FX intervention and not mon pol



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