At his press conference post-BoJ meet, the governor told that Japanese economy is continuing to exceed potential as a trend and impact of tax rise is expected to wane gradually.
Regarding next sales tax hike, the governor commented that there will be more risks, if the government don't raise the sales tax. "If the second sales tax hike or other external factors result in the economy worsening more than expected, there are fiscal and monetary policy measures that can be taken," he added.
The yen eased to 105.01 against the greenback, 138.00 against the euro, 114.31 against the franc and 172.75 against the pound, from early highs of 104.75, 137.68, 114.06 and 172.45, respectively.
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