News Headline Summary

BoJ's Morimoto says must weigh costs and benefits of any policy options including whether to buy longer-dated JGBs

- Will scrutinize effect of BoJ's asset purchases at each policy meeting in deciding if to ease further.
- Steps to boost Japan growth potential needed to beat deflation.
- No comment on whether to accept negative interest rates in market ops.
- Joint BoJ/Govt. statement spells out each's responsibility in beating deflation.

Reaction details (05:42)

- No immediate reaction seen in USD/JPY, trades 93.22 (-34 pips) last.

20 Feb 2013 - 05:33 - Fixed Income Bank Speaker - Source: Newswires

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