MNI BRIEF: Amamiya: Fed Views Don’t Directly Impact BOJ Policy

Bank of Japan Deputy Governor Masayoshi Amamiya said on Thursday that the Federal Reserve’s policy decisions do not directly affect Japan's monetary policy, but the U.S. economy is being closely monitored for the impact on Japan’s economy and prices.

“Central banks manage monetary policy based on the own economic and price conditions,” Amamiya told reporters, a day after the Fed hiked rates, (See: MNI STATE OF PLAY(RPT): Powell Signals 75bp Sept Hike Possible).

He also said that it is difficult to judge any risks that U.S. inflation rate will not fall to appropriate levels, adding that it is not appropriate and premature for the BOJ to show an exit strategy from easy policy, although an exit strategy is always a topic of discussions, (See: MNI INSIGHT: New BOJ Board Faces Spur Talk On Kuroda Successor).