BOJ's policy board member Sayuri Shirai speech full text

BOJ's policy board member Sayuri Shirai via Reuters:

• BOJ may consider some monetary policy adjustment if path towards price rises envisaged by the bank does not materialize at all
• Expects Japan's economic recovery to remain moderate for the time being
• Some capital expenditure plans may be delayed given weakness in machinery orders, labour shortages
• Expect private consumption to maintain moderate recovery trend
• Risks to Japan's economy tilted toward downside for fiscal 2017
• Expect japan to achieve 2 pct inflation around latter half of fiscal 2016
• My projection is for core CPI to rise to a little over 1 pct in fiscal 2016, reach "around a little over" 1.5 pct on average in fiscal 2017
• May take longer than expected for inflation expectations to heighten steadily

Full text: Japan's Economic and Price Developments and Monetary Policy: Underlying Inflation Trend and Inflation Expectations