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    25.11.2015 16:23 Bank of Japan board member Sayuri Shirai: there is no need for further stimulus measures

    The Bank of Japan (BoJ) board member Sayuri Shirai said in a speech on Wednesday that there is no need for further stimulus measures.

     

    "At present, further monetary policy action is unnecessary. A risk of returning to deflation is considered low given that prices of a wide range of consumption items, excluding energy, have been rising," she said.

     

    Shirai forecasted the core inflation in Japan to rise to around 1.7% - 1.8% over the January-June period of 2017.

     

    She pointed out that the low core inflation is temporary.


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