Bank of Japan’s Noguchi says Japan’s economy is to recover moderately

BOJ
BOJ

The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ’s main responsibilities include issuing and managing the country’s currency, implementing monetary policy, and ensuring the stability of the financial system. It also acts as a lender of last resort to banks during times of financial crisis. The BOJ sets the interest rate of the country and sets an inflation target, aiming to achieve 2% inflation.The BoO has a long history, with

The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ’s main responsibilities include issuing and managing the country’s currency, implementing monetary policy, and ensuring the stability of the financial system. It also acts as a lender of last resort to banks during times of financial crisis. The BOJ sets the interest rate of the country and sets an inflation target, aiming to achieve 2% inflation.The BoO has a long history, with
Read this Term monetary policy board member Noguchi speaking

• BOJ must consider trade-off between economic stimulus effect and
  market function, in setting allowance band for 10-year yield target
• What’s most
  important is to ensure momentum for wage growth becomes trend, by
  maintaining easy policy

• Need to carefully gauge for now whether the ‘norm’ for inflation and
  wages is changing
• Service prices are
  rising in Japan but impact of wage pressure not so big yet

That ‘smooth as a whole’ comment is a little unclear. I’m guessing he is referring to the fewer distortions seen since the BOJ widened the tolerance band for 10 Year JGBs to trade +/-50bp from around zero (from prior +/-25).