BoJ’s Suzuki: Recent market sell-off won't have much impact on BoJ’s policy

BoJ board member Suzuki is back on the wires now, via Reuters, making a scheduled speech on the recent market sell-off and economic prospects.

Key Points:

Recent market sell-off won't have much impact on BoJ’s policy.

Recent market sell-off driven by shift in investor sentiment, not deterioration in fundamentals.

Now is time to monitor whether companies move to hike wages, prices as recovery broadens.

See no need for additional monetary easing now.

Corporate profits, economic fundamentals remain firm at home and abroad.

There is chance BoJ will adjust policy in future if prolonged easing poses severe problem to Japan’s banking system.

Don’t see big disruption caused by BoJ’s easy policy on bank profits, Japan’s banking system.