BOJ’s Harada: Japan prices do not appear to be rising

The Bank of Japan (BOJ) board member Yutaka Harada crossed the wires via Reuters last minutes, sounding less optimistic about the Japanese inflation outlook.

Key Quotes:

Japan prices do not appear to be rising

If risks to prices appear the BOJ should add easing

Prices will rise as energy effects dissipate

Negative rate policy has been exerting intended effects

Weak stock prices reflect weak economic activity

Too early to assess effects of BOJ's negative rate policy

Likely Japan consumption is flat, GDP on slight increase