BOJ’s Uchida: Benefits of Japan’s easy policy have spread across the economy

Bank of Japan (BOJ) Executive Director Shinichi Uchida is defending Japan’s ultra-loose monetary policy, citing that the benefits of BOJ’s easy policy have spread across the economy.

Additional quotes

Japan's low interest rates are reflection of its low economic growth, subdued inflation

It's true BOJ’s monetary policy is partly behind low long-term, super-long yields.

BOJ’s analyses have shown excessive decline in super-long yields would have negative impact on economy.

BOJ’s monetary easing has helped create jobs, prop up economic activity.